SOLUTION: whatis the interest on $950 invested for 4 years in an account that earns simple interest at a rate of 3% per year? a car travels 210 miles in 3.5 hours. What is the average spe

Algebra.Com
Question 221627: whatis the interest on $950 invested for 4 years in an account that earns simple interest at a rate of 3% per year?
a car travels 210 miles in 3.5 hours. What is the average speed for the car?

Answer by rfer(16322)   (Show Source): You can put this solution on YOUR website!
I=Prt
I=950*.03*4
I=$114
--------------
D=rt
r=D/t
r=210/3.5
r=60 mph

RELATED QUESTIONS

what is the interest on $950 invested for 4 years in an account that earns simple... (answered by addingup)
what is the interest on $1200 invested for 2 years in an account that earns simple... (answered by jim_thompson5910)
what is the interest on $950 for 4 yrs in account that earns simple interest at a rate of (answered by solver91311)
What is the interest on $1200 invested for 2 years in an account that earns simple... (answered by tommyt3rd)
Hello, I need help with a simple interest financial question. Alex deposits a sum of... (answered by josmiceli)
Isabel deposits $4000 into an account that pays simple interest at a rate of 4% per... (answered by rvfer)
You deposit $840 in a savings account that earns a simple in n tree interest rate of 4.5% (answered by ikleyn)
Jane deposits $400 into an account that pays simple interest at a rate of 3% per year.... (answered by ewatrrr)
A principal of $950 is invested in an account at 7 percent per year simple interest. What (answered by Aaniya)