document.write( "Question 856827: An investment pays simple interest, and quadruples in 12 years. What is the interest rate?
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Algebra.Com's Answer #516186 by mananth(16946)![]() ![]() You can put this solution on YOUR website! Let Principal be x\r \n" ); document.write( "\n" ); document.write( "4x in 12 years so interest is 3x\r \n" ); document.write( "\n" ); document.write( "SI = P * N * R\r \n" ); document.write( "\n" ); document.write( "3x= x*12*R\r \n" ); document.write( "\n" ); document.write( "3/12 = R\r \n" ); document.write( "\n" ); document.write( "1/4 = R\r \n" ); document.write( "\n" ); document.write( "25% \n" ); document.write( " |