document.write( "Question 8338: If $51.30 is earned in one year on an original deposit of 950.00, what is the rate of interest?? \n" ); document.write( "
Algebra.Com's Answer #4602 by bonster(299) ![]() You can put this solution on YOUR website! 950x=51.30 \n" ); document.write( "x= \n" ); document.write( "x=.054\r \n" ); document.write( "\n" ); document.write( "move over two places to the right \n" ); document.write( "the interest rate=5.4\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "CHECK: \n" ); document.write( "(950)(5.4%) \n" ); document.write( "=(950)(.054) \n" ); document.write( "=51.30 \n" ); document.write( " |