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February 1, 2015

February 1, 2015

Posted by **Lisa** on Tuesday, July 6, 2010 at 10:42am.

- simple interest rate -
**SraJMcGin**, Tuesday, July 6, 2010 at 10:48amTry some of the folloing links:

http://search.yahoo.com/search?fr=mcafee&p=ho+to+do+simple+interest+rate

Sra

- simple interest rate -
**Reiny**, Tuesday, July 6, 2010 at 10:51am(simple) interest = principal x rate x time

so the interest earned = $83

83 = 3500(rate)(2/12)

83 = (3500/6)rate

rate = 83(6/3500) = .1423

or

14.23% per annum

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