MATH

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.

asked by BLUE
  1. 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.

    =)

    posted by Writeacher
  2. Please turn your caps lock off.

    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?

    posted by drwls
  3. 15%

    posted by BLUE
  4. Correct

    posted by drwls

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