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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
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suppose you deposited $3000 of earned income into an IRA, you can earn an annual interest rate of 8%and you are in a 40% tax bracket (Note:interest rates and tax brackets are subject to change over time, but some assumptions must
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You invested $4000 in a fund for 2 years and was paid simple interest. The total interest that you received on the investment was $320. As a percentage, what was the annual interest rate of your investment?
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. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vicepresident for finance decided to invest $2,000,000 in a 2month investment that pays 11.5% simple interest.
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1. Jacksonville Technical College received $3,445,553 in state aid on September 15 for the fall academic semester. The vicepresident for finance decided to invest $2,000,000 in a 2month investment that pays 11.5% simple
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