Use the Formula $i = P r t$ To Reach a Solution for the Following Problem

question 155

Multiple Choice

Use the formula $i = P r t$ to reach a solution for the following problem. Find the annual interest rate if $2,616.00 in interest is earned when $2,180 is invested for 8 years.

• A) 14%
• B) 20%
• C) 16%
• D) 15%
• E) none of these

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