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.
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
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?
15%posted by BLUE