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17 January, 20:58

Find the annual interest rate. Round your answer to the nearest hundredth of a percent. I=$160.67, P=$2000, t=8 monthsI=$160.67, P=$2000, t=8 months

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  1. 17 January, 21:45
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    R=i/pr

    R=160.67/2000 * (8/12)) * 100

    R=12.05%
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