Saturday

September 20, 2014

September 20, 2014

Posted by **Kemmaris** on Monday, May 21, 2007 at 11:46pm.

In a year then it would be 2 times $63

So $1700 times the rate of interest (we will call it X) will equal the interest.

Thus the equation

1700X=(63)(2)

solve for x

X=.074

or 7.4%

**Answer this Question**

**Related Questions**

algebra interest word problem - Erin Grabish recevied $2,000 for speaking at a ...

math - Two investments earn a total annual income of $2825. One investment is in...

math - What is the total value of a 400 certificate of deposit after 36 month if...

Business - Envision you have served as business manager for over two years. you ...

Math - I really need some help with this one. Envision that you have served as ...

Math - Envision that you have served as business manager of Media World for over...

Math - Can someone steer me in the right direction? Here's the question. ...

Finance - What is the effective annual rate on a certificate of deposit that ...

Math - Envision that you have served as business manager of Media World for ...

math - Jeff Iron $250 on his $5000 certificate of deposit last year. what simple...