Thursday

November 20, 2014

November 20, 2014

Posted by **patti help** on Wednesday, March 21, 2007 at 3:52pm.

Interest=Principal*Rate*Time

275=2500(rate)(1)

rate=275/2500

=.11

so the "simple" interest rate is 11%

**Answer this Question**

**Related Questions**

math - Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest ...

Math - Ms Jordan has been given a loan of 2,500 for 1 year. If the interest ...

math - Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest ...

Math - Ms. Jordan has been given a loan of $2,500 for 1 year. If the interest ...

Math - Business and finance. Ms. Jordan has been given a loan of $2,500 for 1 ...

uop - ms jordan has been given a loan of $2,500 for 1 year. If the interest ...

math, business? - Business and finance. Ms. Jordan has been given a loan of $2,...

Math - Ms. Jordan has been given a loan of 2500 for 1 year. If the interst ...

VBA Programming - I'm trying to create a macro that asks for a loan between 1 ...

eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...