SOLUTION: juanita and borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what is the interest?
Algebra
->
Algebra
->
Customizable Word Problem Solvers
->
Finance
-> SOLUTION: juanita and borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what is the interest?
Log On
Ad:
Over 600 Algebra Word Problems at edhelper.com
Ad:
Algebrator™
solves your algebra problems and provides step-by-step explanations!
Ad:
Algebra Solved!™
: algebra software solves algebra homework problems with step-by-step help!
Word Problems: Money, Business and Interest
Solvers
Lessons
Problems, free tutors
Quiz
In Depth
If you need
immediate math help from PAID TUTORS right now
, click here
. (paid link)
Click here to see ALL problems on Money Word Problems
Question 234976
:
juanita and borrowed $4800 at a simple interest rate of 11% for a period of 2 years. what is the interest?
Answer by
rfer(2688)
(
Show Source
):
You can
put this solution on YOUR website!
I=Prt
I=4800*.11*2
I=$1056
(