the annual interest rate earned by an investment increased by 10% from last year to this year. if the annual interest rate earned by the investment this year was 10 percent, what was the annual interest rate last year?
A)1%
B)1.1%
C)9.1%
D)10%
E)10.8%
may be its a very easy question, but i cant form an equation! please help.
wht i did was-- r(1.1)=.1
A)1%
B)1.1%
C)9.1%
D)10%
E)10.8%
may be its a very easy question, but i cant form an equation! please help.
wht i did was-- r(1.1)=.1
