Interest 65494

Martina invested 1,300 euros in the bank, and after a year, the bank credited her with an interest of 26.65 euros. What was the annual interest rate of this bank?

Correct answer:

p =  2.05 % pa

Step-by-step explanation:

a=1300 Eur i=26.65 Eur  p=100 ai=100 130026.65=2041%pa=2.05%pa

Did you find an error or inaccuracy? Feel free to write us. Thank you!

Tips for related online calculators
Need help calculating sum, simplifying, or multiplying fractions? Try our fraction calculator.
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you want to convert time units like minutes to seconds?

You need to know the following knowledge to solve this word math problem:

Related math problems and questions: