Ar6eoz3fghjakalyadaw
Ar6eoz3fghjakalyadaw Ar6eoz3fghjakalyadaw
  • 21-03-2016
  • English
contestada

My final balance after 48 months was $896.00. if i originally put $800.00 into the bank, what was the interest rate?

Respuesta :

Hagrid
Hagrid Hagrid
  • 26-03-2016

The simple interest formula is presented as I = PxRxT where I is the interest, P is the principal amount, R is therate and T is the time in years.

 

I = PxRxT

($896.00) = ($800.00)xRx(48/12)

R = 0.28 or 28%

Answer Link

Otras preguntas

How do you simplify (9x^8 y^3)^1/2
Kim and Courtney share a 16-ounce of box of cereal.  By the end of the week, Kim has eaten 3/8 of the box, and Courtney has eaten 1/4 of the box of cereal.  Wha
what part of speech ,inference ,and the definition of the word abominable ?
I lost my English book what do I do?
if  sin (α+β) = 1,  sin (α-β) = 1/2 then tan (α+2β) tan(2α+β) = a. 1          b.-1            c.0              d. none
a car travels 172 miles using 7 gallons of gas how far can the car travel using 42 gallons of gas?
Factor 3x ^2 +20x+12
define judicial review
An element X belongs to 4th period and 17th group. Write the formula of the compound formed when it reacts with Y( atomic no.-13, mass no.27.)
define judicial review