document.write( "Question 1010492: You invested 9,000 and received yearly interest of 450.00. What is your interest rate on your investment \n" ); document.write( "
Algebra.Com's Answer #625937 by fractalier(6550)![]() ![]() You can put this solution on YOUR website! We use the simple interest formula \n" ); document.write( "I = prt \n" ); document.write( "Here we look for r... \n" ); document.write( "r = I/pt = 450/(9000)(1) = .05 = 5% \n" ); document.write( " |