Question

Jeff Iron $250 on his $5000 certificate of deposit last year. what simple interest rate did the bank pay him?
5000r = 250
solve for r as a %

Related Questions

susan bought a 6 month $1,700 certificate of deposit.At the end of six months she received $63 simpl... Sonia received a statement on her Certificate of Deposit showing that her investment had returned $3... Gabe placed $2000 in a certificate of deposit. He earned $10 in interest each month for the next 36... Sylvia bought a 6-month $1900 certificate of deposit. At the end of 6 months, she received a $209 s...