document.write( "Question 58026: 46. A principal of $5000 was invested in a savings account for 4 years. If the interest earned for the period was $400, what was the interest rate?
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document.write( "A) 1%
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document.write( "B) 1.5%
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document.write( "C) 2%
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document.write( "D) 2.5%
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document.write( "Thankyou so much for your valuable time!!! \n" );
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Algebra.Com's Answer #39676 by rcmcc(152) You can put this solution on YOUR website! Use the equation a=prt to solve for r the percentage substitute the terms into the equation\r \n" ); document.write( "\n" ); document.write( "400=5000r4 \n" ); document.write( "divide by 5000(4) from 400 to isolate r \n" ); document.write( "r=.02 or 2%\r \n" ); document.write( "\n" ); document.write( "c) is your answer \n" ); document.write( " |