# MATH

posted by .

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.

• Math -- assistance needed -- computing interest -

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

**it's harder to read, and

**it's the online equivalent to SHOUTING.

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

=)

• MATH -

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?

• MATH -

15%

• MATH -

Correct

## Similar Questions

1. ### programming

Having troube with java, i am not a regular programmer, if anybody can help me out writting this program: write a program that takes two numbers from the java console representing, respectively, an investment and an interest rate(you …
2. ### college alg HELP!

I cannot figure a way to do this problem: An investment of \$98,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, …
3. ### Finance

An investment has grown to \$89,000 over a 6-year period. The interest was computed daily and the rate was 7 3/8% per year. What was the original investment?
4. ### Algebra

an investment of 72,000 was made by a business club. the investment was split into three parts and lasted for one year. the first part of the investment earned 8% interest. the second 6% and the third 9%. total interest from the investments …
5. ### COLLEGE ALGEBRA

An investment of \$63,000 was made by a business club. The investment was split into three parts and lasted one year. The first part of the investment earned 8% interest, the second 6% and the third 9%. Total interest from the investments …
6. ### COLLEGE ALGEBRA

An investment of \$63,000 was made by a business club. The investment was split into three parts and lasted one year. The first part of the investment earned 8% interest, the second 6% and the third 9%. Total interest from the investments …
7. ### Precalc

An investment of \$37,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, and the the third 9%. Total interest from …
8. ### algebra

an investment of \$50,000 was made by a busines club. the investment was split into three parts and lasted for one year.the first part of the investment earned 8% interest, the second 6%, and the third 9%. total interest from the investments …
9. ### Brokport

An investment of \$180,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, and the third 9%. Total interest from the …
10. ### financial - simple interest

rate principal time S interest investment A rA \$8000 4yrs SI A investment B rB \$7000 5yrs SI B It is known that rA : rB = 2 : 3 and that investment B earned \$2000 more interest than investment A. Find the values of rA, rB, SI A and …

More Similar Questions