Respuesta :

samuelonum1

Answer:

18.2%

Step-by-step explanation:

Given data

Principal=  $2500

Final amount= $3600

Time = 2 years

Rate=???

The expression for the rate is given as

r= ln(A/P)/t

substitute

r= ln(2500/3600)/2

r= ln(0.6944)/2

r= -0.364/2

r= 0.182

Hence the rate is 18.2%

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