SOLUTION: A man earns $112 interest in one year on an investment of $1,400. What was his rate of interest?
Algebra.Com
Question 902642: A man earns $112 interest in one year on an investment of $1,400. What was his rate of interest?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
= .028 0r 2.8%
RELATED QUESTIONS
A man earns $112 interest in one year on an investment of $1400. What was his rate of... (answered by Mathtut,EMStelley)
If a man earns $420 interest in one year at 7%, what was the amount of money invested? (answered by DRichardson,MathTherapy)
If a man earns $420 interest in one year at 7%, what was the amount of money invested?
(answered by Fombitz)
A bank offer simple interest on a certificate of deposit. Jamie invests $500 and after... (answered by Cromlix)
The simple interest on an investment of $4000 for one year is $140.
What is the... (answered by TimothyLamb)
a man invested $20,000 at annual interest rate of 7% and $12,000.00 at an annual interest (answered by stanbon)
An investment banker received a bonus and invested that money in two investments. He put... (answered by solver91311)
A man saved 3000 in a bank p, whose interest rate was X% per annum and 2000 in another... (answered by Boreal,Theo)
A $6000 investment at an annual simple interest rate of 3.3% earned as much interest... (answered by checkley79)