Register
What was the interest rate if your balance on an investment of $830 at the end of one year is $871.50?
131k views
4 votes
What was the interest rate if your balance on an investment of $830 at the end of one year is $871.50?

User Ronaldwidha
by
8.8k points

1 Answer

2 votes
$871.50-$830=$41.5-----> interest in one year

$830----------------------------->100%
$41.5------------------------------->X%

X=41.5*100/830=5 %

the interest rate was 5%
User Precious Roy
by
7.5k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!