document.write( "Question 486823: the saving account in which you initially invested $250 has earned $30 simple interest in 5 years. what is the interest rate of the account \n" ); document.write( "
Algebra.Com's Answer #332812 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! I=Prt \n" ); document.write( "r=I/Pt \n" ); document.write( "r=30/250*5 \n" ); document.write( "r=30/1250 \n" ); document.write( "r=0.048 \n" ); document.write( "r=4.8% \n" ); document.write( " |