document.write( "Question 283633: need to know how to figure simple interest if principal ,time, future value is known Example: 500 deposited in savings with simple interest after 6 months account earned 162.50 / what is the rate and how it is figured \n" ); document.write( "
Algebra.Com's Answer #205933 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! I=Prt \n" ); document.write( "r=I/Pt \n" ); document.write( "r=162.50/500*.5 \n" ); document.write( "r=.65=65% \n" ); document.write( " |