52.4k views
2 votes
A man earns $112 interest in one year on an investment of 1,400. What was his rate of interest?

User Bindas
by
7.1k points

1 Answer

1 vote
I(interest rate)=P(principle)R(rate)T(time)
I=112*1400*1
I=$156800
User Trenthaynes
by
6.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.