Principal 82010

Calculate the interest rate if the principal amount of 500 is 5 euros in interest in 5 months.

Correct answer:

p =  2.01 %

Step-by-step explanation:

a=500 eur i=5 eur n=6/12=21=0.5  a   qn = a+i  f=aa+i=500500+5=100101=1.01  qn = f q = f 1/n q=f2=1.012=1.0201  p=100 (q1)=100 (1.02011)=2.01%



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