Minimonster85
Minimonster85 Minimonster85
  • 18-05-2016
  • Mathematics
contestada

Irene received $425 in annual interest on a principal investment sum of $5,000. What was the simple interest rate for his return???

Respuesta :

Hagrid
Hagrid Hagrid
  • 21-05-2016
Irene received 425 dollars as interest rate for his principal investment which is 5000 dollars.
Let's solve for the interest rate:
=> 425 / 5000 dollars = 0.085
=> 0.085 * 100% = 8.5% 
Thus the simple interest or annual interest to her investment is 8.5%
Answer Link

Otras preguntas

The trail court is also called the court of record. True or false
A student rolls a number cube Whose six faces are numbered 1 through 6 what is the sample space for this experiment.
The outer planets-jupiter,Saturn,Uranus,and Neptune-are made up of which gases ?
In adolescence, when it comes to neurological development, the _____________ matures sooner than the _____________, which helps explain why teens have emotional
How can I solve this?
Florida has been spending money to create storm shelters. The state is preparing for . California has been spending money to establish desalination plants. The
What was the bush doctrine ? A. A belief that the United States had to protect its allies B. A belief that the United States has the right to remove perceived
miguel earns $490 a week, and he works 5 days a week what is his daily wage
which disease causes an inflammation of the lungs A. mononucleosis B. pneumonia C. tuberculosis D. strep throat
Is it 23 or 27? I'm an idiot, lol.