Questions LLC
Login
or
Sign Up
Ask a New Question
Math
Algebra
I deposit 2,500.00for 7months and make 19.76in interest. What. Rate of interest an i receiving?
1 answer
assuming simple interest,
2500*7*r/12 = 19.76
r = .0135, or 1.35%
You can
ask a new question
or
answer this question
.
Related Questions
suppose you put money into teo different bank accounts. In account #1 you deposit $500 and you will be earning 6% interest
a formula for calculating simple interest is I = Pr, were I is the interest earned in dollars, P is the principal or original
. A deposit of 7,500 earns 3,900 over a period of 8 years. What is thw simple interest rate?
Asher cashed in a one-year term deposit after only five months had elapsed. In order to do so, he accepted an interest rate
Mr. Flores opened an account with a deposit of $5,000
The account earned annual simple interest. He did not make any additional
chris put $1,500 in a savings account at an annual interest rate of 5%. If chris does not deposit or withdraw any money, what is
abbi invested 1,500 dollars in a certificate of deposit with a simple interest rate of 4 percent. find the interest earned in 6
Kerry Stutsman has $500 in a saving account earning .45% interest. She is considering buying a 1-year certificate of deposit
Gabe placed $2000 in a certificate of deposit. He earned $10 in interest each month for the next 36 months. Find the annual
A bank deposit paying simple interest grew from an initial amount of $1000 to $1075 in 9 months, Find the interest rate.
I know