Asked by Kelley
If $6000 invested for one year yields $390 in interest, find the investment rate.
how do I set up this problem?
how do I set up this problem?
Answers
Answered by
Steve
6000r = 390
r = 390/6000 = 0.065 or 6.5%
r = 390/6000 = 0.065 or 6.5%
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