Register

Terry’s investment of $2,200 in the stock market earned $528 in two years. Find the simple interest rate for this investment.

Terry’s investment of $2,200 in the stock market earned $528 in two years. Find the simple interest rate for this investment.
110k views
3 votes
Terry’s investment of

$2,200 in the stock market earned
$528 in two years. Find the simple
interest rate for this investment.

User Saransh Singh
by
8.2k points

1 Answer

5 votes
Answer:
24%

Explanation:
t = ???
P = 2,200
I = 528
r = 12%
528 = 2,200(t x 1)
t = 528/2,200
t = 0.24
t = 0.24 x 100 = 24%
User Paul Ryan
by
9.1k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
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
Link Copied!