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October 21, 2014

October 21, 2014

Posted by **lena** on Tuesday, January 25, 2011 at 3:50pm.

- math -
**helper**, Tuesday, January 25, 2011 at 4:22pmYou don't state if this is compounded interest.

Assuming simple interest,

I = PRT (interest = principal x rate x time)

9006 - 8765 = 241 interest

241 = 8765 x R x T

241 = 8765 x R x 1

241 = 8765R

Solve for R, the rate of interest

Multiply R x 100 = percent

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