SOLUTION: What interest rate is equivalent to an 11% discount rate in discounting amount for 3 years.
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Question 1183461: What interest rate is equivalent to an 11% discount rate in discounting amount for 3 years.
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
Given : an % discount rate in discounting amounts for years​
To Find : Equivalent interest rate
Solution:
% discount rate in discounting amounts
=>
Years
%
answer: % interest rate is equivalent to an % discount rate in discounting amounts for years​
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