# Interest Rate Calculation

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Calculating Interest Rate. Find the interest rate implied by the following combinations of present and future values:

Present Value Years Future Value

$400 11 $684

$183 4 $249

$300 7 $300

https://brainmass.com/business/interest-rates/interest-rate-calculation-136203

#### Solution Preview

Use the following formula for compound interest:

M = P( 1 + i )^n

M is the final amount including the principal.

P is the principal amount.

i ...

#### Solution Summary

This solution calculates the interest rate given a present value and future value, along with a term in years, for compound interest.

$2.49