Asked by Jay
a sum of money invested at a simple interest rate R increases to 5/3 times the original sum after 5 years. The value for R is?
Answers
Answered by
Steve
1+5r = 5/3
5r = 2/3
r = 2/15 = 0.1333 = 13.3%
5r = 2/3
r = 2/15 = 0.1333 = 13.3%
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.