Tuesday

September 23, 2014

September 23, 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

**Answer this Question**

**Related Questions**

math - Sam has a savings account that increased in value over a twelve month ...

math - Sam has a savings account that increased in value over a twelve month ...

math - ok sam has a savings account that increased in value over a twelve month ...

math - samn has a savings account that increased in a value over a twelve month ...

Math - Sam has a savings account that increased in value over 12 month period ...

math - a savings account has increased over a 12 month period from 8765 to 9006....

math - sam has an savings account that increased in value over a twelve month ...

algebra - if i had 8765.00 in my bank and i made 9006.04 in twelve months with ...

math,help - what formula do i use for the following problem: which of the ...

math - can I any one help me to find a formula to calculate 401K plans for my ...