Question
An account earns simple interest. Find the annual interest rate.
I= $30
P= $250
t= 3 years
I= $30
P= $250
t= 3 years
Answers
oobleck
250 * 3r = 30
now solve for r, and express as a %
now solve for r, and express as a %
henry2,
P*r*t = I.
250 * r * 3 = 30.
750r = 30,
r = 0.04 = 4%.
250 * r * 3 = 30.
750r = 30,
r = 0.04 = 4%.
Rosemarie
None
Carlie
An account earns simple annual interest.
$350 at 3% for 10 years
a. Find the interest earned.
$
b. Find the balance of the account.
$
$350 at 3% for 10 years
a. Find the interest earned.
$
b. Find the balance of the account.
$