Register
Saccoro invested $3800 for 3 1/2 years she earn 983.25 in simple interest what was the annual interest rate to the nearest hundredth of a percent
44.5k views
0 votes
Saccoro invested $3800 for 3 1/2 years she earn 983.25 in simple interest what was the annual interest rate to the nearest hundredth of a percent

User Tarwirdur Turon
by
7.8k points

1 Answer

5 votes
I = PRT
983.25 = (3800)(R)(3.5)
983.25 = 13300R
983.25 / 13300 = R
0.07392 = R
7.39% = R <==
User Andwele
by
7.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.1m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
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
Link Copied!