# math

posted by .

interest is \$1104, principal is \$4600, and time is 4 yrs. What is rate?

• math -

Same as before

I = PRT
R = I/(RT)
= 1104/(4600(4)) = .06 or 6%

## Similar Questions

1. ### math

the total amount of interest on this loan of \$6000 for 150 days is \$210.50. what is the rate of interest on this loan?
2. ### math

how long will it take to earn \$787.50 on \$5000 at 5 1/4%(percent) what is the rate it is compounded?
3. ### Math

Find the finance charge (interest) due on a 9-month loan of \$2,400 at a simple interest rate of 10%.(Use the formula for simple interest: Interest Earned = Principal×Rate×Time) (a)\$ 18.00 (b)\$ 1,800 (c)\$ 180 (d)\$ 1.80 (e)\$ 18 I put …
4. ### Math

Someone loaned me \$20.00 in 1962 without quoting an interest rate. Using whatever the market interest rate was at that time, how much money would I owe in 2013 including principal and interest, straight and compounded.
5. ### Math.

For question 1-4 for the interest. All rates are annual interest rates. 1) principal, \$400 rate, 5% time, 1 year. a. \$10 b. \$20 c. \$40 d. \$200 2) principal, \$1,000 rate, 8.5% time, 3 years a. \$255 b. \$170 c. \$22.5 d. \$17 3) principal, …
6. ### Math

How do you solve the equation for finding the principal when the interest, rate, and time are given?
7. ### MATH 3

How do i find the exact interest of Principal=3000, Rate= 11.5% ,Time= 3 yrs.
8. ### math

If the time in months and the rate of interest per month are in the ratio 4 : 1, and the interest 16% of the principal, then what is the rate of interest?
9. ### math

ci and si for certain sum at certain rate for 2 yrs are 220 and 200.what is principal for these interest?
10. ### math

Does anyone know how to find the rate with ONLY principal and time?

More Similar Questions