algebra

Sylvia bought a 6-month $1900 certificate of deposit. At the end of 6 months, she received a $209 simple interest. What rate of interest did the certificate pay

  1. 👍 0
  2. 👎 0
  3. 👁 329
  1. I = PRT
    209 = 1900 * R * 0.5
    209 = 950R
    209/950 = R
    0.263 = 26.3% = R

  2. Sylvia bought a 6-month $600 certificate of deposit. At the end of 6 months, she received a $42 simple interest. What rate of interest did the certificate pay

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. pre algerbra

    susan bought a 6 month $1,700 certificate of deposit.At the end of six months she received $63 simple interest. what annual rate of interest did the certificate pay? In a year then it would be 2 times $63 So $1700 times the rate

    asked by Kemmaris on May 21, 2007
  2. Math

    Gabe placed $2000 in a certificate of deposit. He earned $10 in interest each month for the next 36 months. Find the annual simple interest rate for his certificate of deposit.

    asked by Dana on January 22, 2015
  3. Business

    Envision you have served as business manager for over two years. you noticed that for the last 12 months the business has regularly had cash assets of$20,000 or more at the end of each month.you have found a 6-month certificate of

    asked by Kara on September 23, 2009
  4. Math

    I really need some help with this one. Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more

    asked by Stacy on October 23, 2009
  5. Math

    Can someone steer me in the right direction? Here's the question. Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash

    asked by Cathy on October 20, 2009
  1. Math

    Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each month. You have found

    asked by T. on February 6, 2012
  2. Math

    Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has regularly had cash assets of $20,000 or more at the end of each month. You have found

    asked by Cathy on October 19, 2009
  3. math

    at the end of every 3 months, Rita deposits $100 into an account that pays 5% compounded quarterly. After 5 yrs, she puts the accumulated amount into a certificate of deposit paying 8.5% compounded semiannually for 1 yr. when this

    asked by ash on March 27, 2011
  4. algebra interest word problem

    Erin Grabish recevied $2,000 for speaking at a financial planning seminar. Erin invested the money in a certificate of deposit for 2 years. When she redeemed the certificate of deposit, she received $2166. What simple interest

    asked by Jordan on March 9, 2009
  5. Business Analysis / Investment

    Help! I have had several solutions and cannot come up with an answer. Thank you! Envision that you have served as business manager of Media World for over 2 years. You have noticed that for the last 12 months the business has

    asked by Jade on April 24, 2010

More Similar Questions