SOLUTION: find the unknown quantity for a account that earns simple annual interest.
A=$875. P=$500. r=?. t=30years
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Question 135128: find the unknown quantity for a account that earns simple annual interest.
A=$875. P=$500. r=?. t=30years
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
find the unknown quantity for a account that earns simple annual interest.
A=$875. P=$500. r=?. t=30years
------------------------
A = Prt
875 = 500*r*30
875 = 15000r
r = 0.0583
Cheers,
Stan H.
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