SOLUTION: Patrick invested %5200 for 21 years. At the investment's maturity, it's value was $13280.80 What was the annual simple interest rate?
A) 155.4% B) 7.4% C) 8.2% D) 2.6%
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-> SOLUTION: Patrick invested %5200 for 21 years. At the investment's maturity, it's value was $13280.80 What was the annual simple interest rate?
A) 155.4% B) 7.4% C) 8.2% D) 2.6%
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Question 1102511: Patrick invested %5200 for 21 years. At the investment's maturity, it's value was $13280.80 What was the annual simple interest rate?
A) 155.4% B) 7.4% C) 8.2% D) 2.6% Answer by jorel1380(3719) (Show Source):
