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

question 103

Short Answer

Use the formula $i = P r t$ to reach a solution for the following problem. Find the annual interest rate if $2,381.50 in interest is earned when $4,330 is invested for 5 years. __________%

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Definitions:

Spherical

Having the shape or form of a sphere, often used to describe objects or celestial bodies.

Eyeballs

Organs of vision in humans and animals that detect light and convert it into electro-chemical impulses in neurons.

Fovea

A small depression in the retina of the eye where visual acuity is highest, due to the high concentration of cones (photoreceptor cells) and lack of blood vessels.

Metabolic Rate

The rate at which the body uses energy to maintain basic life functions such as breathing, circulation, and cell production.