Find the annual simple interest rate equivalent


Question 1: Find the annual simple interest rate equivalent to an annual simple discount rate of 7% over a term of 6 years.

Round your answer to the nearest tenth of a percent.

Question 2: Find the annual simple interest rate equivalent to an annual simple discount rate of 4.4% over a term of 802 days.

Round your answer to the nearest tenth of a percent.

Question 3: Find the annual simple discount rate equivalent to an annual simple interest rate of 7.2% over a term of 6 years.

Round your answer to the nearest tenth of a percent.

Question 4: Find the annual simple discount rate equivalent to an annual simple interest rate of 4% over a term of 172 weeks.

Round your answer to the nearest tenth of a percent.

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Find the annual simple interest rate equivalent
Reference No:- TGS03419596

Expected delivery within 24 Hours