Question

GIVING MEDAL!!!!!

In 2007, Rachel borrowed $800 from a bank; she has repaid $2,700 after three years. At what rate of compound interest did the bank lend money to Rachel? (Interest is compounded annually).
Hint: A = P (1 + r)n
A – amount of money paid after n years
P – principal amount
r – interest rate
n – number of years



0.1%



3%



50%



5.5%



8%

Answer 1

is this flvs

Answer 2

?

Answer 3

i believe its 50% .

Answer 4

Just plug in what you have