Wednesday

November 26, 2014

November 26, 2014

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

**Answer this Question**

**Related Questions**

Math - Find the finance charge (interest) due on a 9-month loan of $2,400 at a ...

math - the total amount of interest on this loan of $6000 for 150 days is $210....

math - Suppose you borrow $4200 at an annual simple interest rate of 10.5% for a...

mth - Calculate the maturity value of a simple interest, eight-month loan of $...

MATH - Calculate the maturity value of a simple interest, eight-month loan of $...

Math - 1. Jacksonville Technical College received $3,445,553 in state aid on ...

business Math - You were offered the opportunity to purchase either a simple ...

future value for simple interest - a 5000 loan, taken now with a simple interest...

Math - Pre Algebra - Simple and Compound Interest Find the simple interest. ...

Algebra - This assignment is about a car loan. A financial institution in your ...