What is the simple interest rate on a $1600 investment paying $580.32 interest in 11.7 years? % (round to the nearest tenth of a percent)
What is the simple interest rate on a $1600 investment paying $580.32 interest in 11.7 years? % (round to the nearest tenth of a percent)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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What is the simple interest rate on a $1600 investment paying $580.32 interest in 11.7 years?
% (round to the nearest tenth of a percent)
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