document.write( "Question 63311: What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principal over 5 years? \n" ); document.write( "
Algebra.Com's Answer #46172 by 303795(602)![]() ![]() ![]() You can put this solution on YOUR website! i = Prt \n" ); document.write( "2500 = 10000 x r x 5 \n" ); document.write( "2500=50000 x r \n" ); document.write( "r=2500/50000 \n" ); document.write( "=0.05 \n" ); document.write( "The rate is 5% per annum. \n" ); document.write( " |