Register
Find the rate if a principal of $1100 earned 1089 interest in 12 years
70.8k views
22 votes
Find the rate if a principal of $1100 earned 1089 interest in 12 years

User Tzig
by
6.7k points

1 Answer

6 votes

Answer:

8.25

Explanation:

interest= principal x time x rate

1089=1100 x 12 x r/100

108900=13200r

r=8.25

User Roobie
by
5.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.7m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!