Question 1175038

given:

{{{I =365000}}}
{{{P=300000}}}
{{{t=5 }}}years


{{{I = A - P}}}

total amount is:

{{{A=I +P}}}
{{{A=365000+300000}}}
{{{A=665000}}}

to find interest rate, use 

{{{A = P(1 + rt)}}}

{{{665000 = 300000(1 + r*5)}}}

{{{665000/300000=(1 + r*5)}}}

{{{133/60=1 + 5r}}}

{{{133/60-1=5r}}}

{{{73/60=5r}}}

{{{r=73/300}}}

{{{r=0.2433333}}}=>as decimal

interest rate is:

{{{R=100r}}}
{{{R=24.33333}}}%