The sum 41

The sum of 640.00 was deposited in the first bank for five years, and the interest given was 160.00. Find the rate.

Correct answer:

x =  4.564 %

Step-by-step explanation:

a=640 i=160  b=a+i=640+160=800 t=5  a rt=b  rt = b/a r=5b/a=5800/6401.0456 x=100 (r1)=100 (1.04561)=4.564%

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

Tips for related online calculators
Our percentage calculator will help you quickly calculate various typical tasks with percentages.
Do you have a linear equation or system of equations and are looking for its solution? Or do you have a quadratic equation?
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: