sanam4126 sanam4126
  • 21-09-2018
  • Mathematics
contestada

Julio invested $2,000 in a simple interest account for 3 years she had earned $150 in interest by the end what was the simple interest rate of the account

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Dancer5363
Dancer5363 Dancer5363
  • 24-09-2018

[tex]r = \frac{i}{pt} [/tex]
[tex]r = \frac{(2000)(12)}{(150)(14} [/tex]
[tex]r = \frac{24000}{2100} [/tex]
[tex]11.43 = .01143[/tex]

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