SOLUTION: What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principle over 5 years?

SOLUTION: What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principle over 5 years?

Algebra.Com

Question 252507: What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principle over 5 years?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
i=prt
2500=10000r5
2500=50000r
2500/50000=r
r=.05=5%
RELATED QUESTIONS
What simple interest rate will Susan need to secure to make $2,500 in interest on a... (answered by 303795)

What simple interest rate will Susan need to secure to make $2,500 in interest on a... (answered by stanbon)

What simple interest rate will Susan need to secure to make $2,500 in interest on a... (answered by checkley77)

What simple interest rate will Susan need to secure to make $2,500 in interest on a... (answered by stanbon)

What simple interest rate will Susan need to secure to make $2,500 in interest on a... (answered by mikej24)

What simple interest rate will Susan need to secure to make $2,500 in interest on a... (answered by solver91311)

what simple interest rate will Susan need to secure to make $2,500 in interest on a... (answered by ewatrrr)

5. What simple interest rate will Susan need to secure to make $2,500 in interest on a... (answered by solver91311)

Susan invests R45 000 at a simple interest rate of 6% per year. Two years later, she adds (answered by )