Wednesday

March 4, 2015

March 4, 2015

Posted by **Anonymous** on Wednesday, May 7, 2008 at 11:36pm.

- math -
**Stacy Kahne**, Thursday, May 8, 2008 at 12:14amI am needing help with the same question I cannot figure out the formula for this word problem

- math -
**Reiny**, Thursday, May 8, 2008 at 8:01amInterest = Principal*rate*time

I=PRT , so

R = I/(PT)

= 60/(3000*1)

= .02

so the annual rate is 2% and the annual rate would be 24%

(WOW, get rid of that card!)

- math -
**Ms. Sue**, Thursday, May 8, 2008 at 12:15pmI think Reiny means the MONTHLY interest is 2%.

- math -
- math -
**Conrad**, Monday, March 2, 2015 at 5:12pmNoh it 4 pecent

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