Romelinper8aa Romelinper8aa

25-12-2016
Mathematics

contestada

You invest $5,000 in an account earning simple interest. the balance after 6 years is $6,200. what is the interest rate?

Respuesta :

Aliwohaish12 Aliwohaish12

25-12-2016

F=p(1+rt)
6200=5000(1+6r) divided both sides by 5000

1.24=1+6r
1.24-1=6r
6r=0.24
R=0.04*100=4%

Answer Link

Otras preguntas

NEED HELP ASAP!!!!! which position does a person actually vote for when a voter chooses a candidate for president A. a delegate to a political party's nominati

A zoo has two male lions one sixth of the lions are male lions how many lions are there at the zoo

An employee is paid a salary of $11,725 per month. If the current FICA rate is 6.2% on the first $115,000 of earnings, how much should be withheld for FICA tax

What is the multiple of 6 starting from 24

How do I solve this problem

At 7 p.m. last night, the temperature was 10F. At 7 a.m. the next morning, the temperature was -2F. By how much did the temperature change from 7 PM to 7 AM

What is the distance between the points (-2, 5) and (4, -3)? A. 5.2 units B. 2.8 units C. 31.6 units D. 10 units

What is the area of this polygon? Enter your answer in the box. units²

Which event was caused by the growing popularity of the Nazi party in the 1930s A. Enlightenment B. Napoleon rises to power in France C. World War I starts in

What is a swastika I want to know