document.write( "Question 320846: Tara receives an annual return of $332 from $5,000 invested at a simple interest. How much is the interest rate? (Interest=amount invested interest rate). \n" ); document.write( "
Algebra.Com's Answer #229755 by stanbon(75887) ![]() You can put this solution on YOUR website! Tara receives an annual return of $332 from $5,000 invested at a simple interest. How much is the interest rate? (Interest=amount invested interest rate). \n" ); document.write( "---- \n" ); document.write( "Let \"x\" be the interest rate. \n" ); document.write( "--- \n" ); document.write( "Equation: \n" ); document.write( "Solve 5000x = 332 \n" ); document.write( "x = 332/5000 \n" ); document.write( "--- \n" ); document.write( "x = 0.0664 \n" ); document.write( "--- \n" ); document.write( "Interest rate = 6.64% \n" ); document.write( "======================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " \n" ); document.write( " |