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24-02-2022
Mathematics

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The simple interest on an investment of $7540 over 8 years is $1749.28.
If the annual interest rate is R, find R as a percentage to the nearest one decimal place.
Enter each line of working as an equation.

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24-02-2022

Answer:

41.38%

Step-by-step explanation:

A= P(1+in)

7540 = 1749.28 + 13994.25i

5790.72= 13994.25i

i=0.41379×100

i=41. 38%

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