Ask a New Question

Asked by dumb dumb

60 months × $425.00= $2550.00 = what's my iterest rate? =
9 years ago

Answers

Answered by John
If it is simple interest, the formula is I=Prt

time is in years so 60/12 = 5 year
I/Pt = r
9 years ago
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.

Related Questions

The summit of a mountain, 2550 above base camp, is measured on a map to be 4880 horizontally from... Riley wants to raise $2550 for a fundraiser walk. He needs to ask people to pledge money for each mi... suppose that $2550 is invested in a saving account with a rate of 8.25%. how much interest will be r... Name the months with exactly 31 days. $4,000 at 10.5% for 6 months It’s been two months since you took a position as an assistant financial analyst at Caledonia Produc... After 18 months, if a GDP only increased by 3/4 of the expected amount; what factors might be respon... Every two months, the use of city water is checked. According to the use of city water, you should p... a few months ago, Van had 100 days to wait until his birthday. His wait is 98% over. Today is Monday... at the end of every 3 months, Rita deposits $100 into an account that pays 5% compounded quarterly....
Submit Your Answer

Question

60 months × $425.00= $2550.00 = what's my iterest rate? =

Ask a New Question
Archives Contact Us Privacy Policy Terms of Use