document.write( "Question 946240: After 6 months, the simple interest earned on an investment of $5,000 was $100. Find the annual interest rate.
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Algebra.Com's Answer #577255 by rfer(16322)![]() ![]() ![]() You can put this solution on YOUR website! I=Prt \n" ); document.write( "100=5000*r*0.5 \n" ); document.write( "100/2500=r \n" ); document.write( "r=0.04=4% \n" ); document.write( " |