Register
put $1000 in an account the account earns $100 simple interest in four years what is the annual interest rate
131k views
3 votes
put $1000 in an account the account earns $100 simple interest in four years what is the annual interest rate

User Hung Quach
by
6.3k points

1 Answer

2 votes
You need to divide 100/4= 25, multiply 25 x 100= 2500, divide 2500/1000= 2.5%
Answer: 2.5%
User Arel Lin
by
6.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.6m 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!