SOLUTION: At what yearly rate will an amount of $90.00 earns a simple interest of $15.00 in 4 years?

SOLUTION: At what yearly rate will an amount of $90.00 earns a simple interest of $15.00 in 4 years?

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Question 697306: At what yearly rate will an amount of $90.00 earns a simple interest of $15.00 in 4 years?

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
15/4=3.75
3.75/90=0.0417=4.17%
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