George wants to earn $250 on an investment of $400 over a 5-year time frame. What interest rate would George need in order to earn the desired amount of interest.

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asked Aug 12, 2023 48.4k views

3 votes

George wants to earn $250 on an investment of $400 over a 5-year time frame. What interest rate would George need in order to earn the desired amount of interest.

Mathematics
middle-school

Vijay Kumbhoje asked

by Vijay Kumbhoje

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2 Answers

1 vote

Explanation:

I=$250

P=400

R=?

T=5

I=P*R*T/100

250=400*R*5/100

250=4*R*5

250=20R

R=250/20

R=$12.5

Rickharrison answered Aug 13, 2023

by Rickharrison

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5 votes

Answer:

Step-by-step explanation:20

DMabulage answered Aug 16, 2023

by DMabulage

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