At what interest rate, compounded annually, must 10,000 be invested in order to earn an interest worth 2,000 in 5 years?
»To find out what interest rate must 10,000 be invested in order to earn an interest worth 2,000 in 5 years, multiply the principal and it's time invested then divide by interest,
The interest rate is 4%
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manlangitrobin
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✒ INTEREST RATE
»To find out what interest rate must 10,000 be invested in order to earn an interest worth 2,000 in 5 years, multiply the principal and it's time invested then divide by interest,
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