document.write( "Question 997767: Determine the simple interest rate at which 1350 will grow to 1400 in the 3 months. Round your answers to the nearest tenth of percent \n" ); document.write( "
Algebra.Com's Answer #615808 by fractalier(6550) You can put this solution on YOUR website! From the formula for simple interest, \n" ); document.write( "I = prt \n" ); document.write( "50 = 1350 * r * (3/12) = 1350 * r * .25 \n" ); document.write( "200 = 1350r \n" ); document.write( "r = 200/1350 = 14.8% \n" ); document.write( " \n" ); document.write( " |