SOLUTION: What is the simple interest rate on a $1900 investment paying $1,415.31 in 19.1 years. ______% round to the nearest tenth of a percent.

SOLUTION: What is the simple interest rate on a $1900 investment paying $1,415.31 in 19.1 years. ______% round to the nearest tenth of a percent.

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Question 1175391: What is the simple interest rate on a $1900 investment paying $1,415.31 in 19.1 years.
______% round to the nearest tenth of a percent.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!


Hi
 I = Prt
 r = I/Pt =  = .039  0r 3.9%
Wish You the Best in your Studies.

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