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sara1234

help me :(

  • one year ago
  • one year ago

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  1. SqueeSpleen
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    I thinks it's: Simple interest: (1-(Current/initial))/years

    • one year ago
  2. sara1234
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    can you show me how to do it step by step please so i can use it as an example?

    • one year ago
  3. SqueeSpleen
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    It's simple interest rate, so, if it's X anual, in Y years it will be: Y*X In this case, we don't know X, but Y is 17 So its 17*X Then it's: 1+(17*X/100) (the /100 is because it's percent) Then We know the initial quantity, 2.567, was multiplied by: (1+(17*X/100)) and after this, we got 4443.48 So: 2567*(1+(17*X/100))=4443.48 Which is: Initial quantity(1+(Years*Interest Rate))=Final Quantity Interest rate is the X, and the other numbers are things we know. So, we insolate the X: 1+(17*X/100)=4443.48/2567 (17*X/100)=4443.48/2567-1 17*X=(4443.48/2567-1)*100 X=(4443.48/2567-1)*100/17

    • one year ago
  4. sara1234
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    so it's 4.3 percent

    • one year ago
  5. SqueeSpleen
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    Yes.

    • one year ago
  6. sara1234
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    what do you think this is i can't tell very well

    • one year ago
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