MATH

posted by BLUE

USE THE FORMULA: A=P+I.P, WHERE A IS THE VALUE OF THE INVESTMENT IN ONE YEAR, P IS THE ORIGINAL INVESTMENT, AND I IS THE INTEREST RATE FOR THE INVESTMENT. FIND THE INTEREST RATE FOR AN ORIGINAL INVESTMENT OF \$3,000 WHICH HAD A VALUE OF \$3,450 AFTER ONE YEAR.

1. Writeacher

Blue, when you type in all-caps, two things happen:

**it's the online equivalent to SHOUTING.

Please just type in regular mode, not with the Caps Lock feature turned on. Thanks.

=)

2. drwls

They tell you what P is (\$3000) and what A is (\$3450). Solve the equation for I.

You earn \$450 on \$3000 in one year. What % of 3000 is 450?

3. BLUE

15%

4. drwls

Correct

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