A few days ago
Find the interest rate?
12. Find the interest rate on an account that was worth $250 in 1982 and $298.77 in 1991.
???
I’ve been on this problem for hours…..
Top 1 Answers
A few days ago
Favorite Answer
I=Interest P=Prinicipal R=Rate T=Time
I=(Px R x T)/100 i.e. R=(I x 100) / (P x T)
P=250
T= 1991-1982= ? yrs
I=298.77-250
Plug in the answers to P,T and I and solve for rate(in %)
0
- Academic Writing
- Accounting
- Anthropology
- Article
- Blog
- Business
- Career
- Case Study
- Critical Thinking
- Culture
- Dissertation
- Education
- Education Questions
- Essay Tips
- Essay Writing
- Finance
- Free Essay Samples
- Free Essay Templates
- Free Essay Topics
- Health
- History
- Human Resources
- Law
- Literature
- Management
- Marketing
- Nursing
- other
- Politics
- Problem Solving
- Psychology
- Report
- Research Paper
- Review Writing
- Social Issues
- Speech Writing
- Term Paper
- Thesis Writing
- Writing Styles