MATH HELP?
what was the rate of simple interest paid if a $1500 investment earned $100 in a year
回答 (2)
Simple interest = Principal x Rate x Term
100 = 1500 x Rate x 1
Rate = 100/1500 = 6.67%
1600 = 1500(1+x)
1600 = 1500 + 1500x
100 = 1500x
.06666 = x
x = 6.667%
Interest Rate 6.67%
收錄日期: 2021-04-21 23:54:57
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