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# Find interest rate of £14800 has a final value of £22152 in 5 years. Give answer to 1 decimal place?

Here, interest is 22152 - 14800 = 7352 Simple Interest = P*R*T/100 Substituting the values in the equation, 7352 = 14800*R*5/100 Therefore, R = 9.935% To 1 decimal place, R = 9.9%

saumil doshi
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228 students helped

14800 x X^5 = 22152 5√(22152 ÷ 14800)=1.084 1.1

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