SOLUTION: At what rate of interest will 90000 yield a simple interest of 2500 in two years.

SOLUTION: At what rate of interest will 90000 yield a simple interest of 2500 in two years.

Algebra.Com

Question 815730: At what rate of interest will 90000 yield a simple interest of 2500 in two years.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
2500=90000*r*2
2500/180000=r
0.0139=r
or 1.39%
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