anonymous
  • anonymous
Victor calculates the percentage interest rate he needs to make $500 in simple annual interest over 5 years on a deposit of $1000 . Where did he go wrong?
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
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anonymous
  • anonymous
He should have multiplied r by 100 to get the interest rate as a percentage. ???
anonymous
  • anonymous
He applied the principal and interest to the wrong variables. He should have divided 2 by 12 to get the value for t. He misrepresented the earned interest with the final balance. He should have multiplied r by 100 to get the interest rate as a percentage.

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Nurali
  • Nurali
He should have multiplied r by 100 to get the interest rate as a percentage.
goformit100
  • goformit100
He should have multiplied r by 100 to get the interest rate as a percentage. is correct answer :)

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