Posted by **BLUE** on Sunday, December 21, 2008 at 8:26pm.

USE THE FORMULA: A=P+I.P, WHERE A IS THE VALUE OF THE INVESTMENT IN ONE YEAR, P IS THE ORIGINAL INVESTMENT, AND I IS THE INTEREST RATE FOR THE INVESTMENT. FIND THE INTEREST RATE FOR AN ORIGINAL INVESTMENT OF $3,000 WHICH HAD A VALUE OF $3,450 AFTER ONE YEAR.

- Math -- assistance needed -- computing interest -
**Writeacher**, Sunday, December 21, 2008 at 8:31pm
Blue, when you type in all-caps, two things happen:

**it's harder to read, and

**it's the online equivalent to SHOUTING.

Please just type in regular mode, not with the Caps Lock feature turned on. Thanks.

=)

- MATH -
**drwls**, Sunday, December 21, 2008 at 8:33pm
Please turn your caps lock off.

They tell you what P is ($3000) and what A is ($3450). Solve the equation for I.

You earn $450 on $3000 in one year. What % of 3000 is 450?

- MATH -
**BLUE**, Sunday, December 21, 2008 at 8:58pm
15%

- MATH -
**drwls**, Monday, December 22, 2008 at 12:13am
Correct

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