Posted by Kathy on Thursday, November 15, 2012 at 7:12pm.
6,853 - 853 = 6,000
163 * 48 = 7,824
7,284 - 6,000 = 1,284 interest
1,284/6,000 = 0.214 = 21.4% interest
Related Questions
simple interest - What is the amount after 1 year on $315 invested at 7%, if ...
algebra interest word problem - Steve Marino borrowed $500 from his credit union...
Math - Find the finance charge (interest) due on a 9-month loan of $2,400 at a ...
simple interest rate - Need simple interest rate (rounded to hundreths) on a ...
Algebra - Word Problem: Jack mows the lawn in 4 hours, mary mows the lawn in 5 ...
Word problem - suppose you deposit $350 in a bank account that pays 6% annual ...
Math - The amount of an investment of P dollars for t years at simple interest ...
Math - How do I do this? -- can anyone give me a formula to find the answers? ...
algerbra - Donna deposits into an account that pays simple interest at a rate ...
math - A car company is offering car loans at a simple interest rate of 4.7%. ...
For Further Reading
