document.write( "Question 1119239: I am also stuck on this interest problem, I tried working it out with a system of equations which gave me a repeating decimal. \r
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document.write( "\"Egbert invested $2,500 at 10% interest for one year. He has an additional $6,000 to deposit. At what rate must he invest the $6,000 to end the year with a total balance of exactly $9,440?\"\r
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document.write( "Thank you! \n" );
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Algebra.Com's Answer #734711 by josgarithmetic(39618)![]() ![]() ![]() You can put this solution on YOUR website! ------------------------------------------------------------------------ \n" ); document.write( "\"Egbert invested $2,500 at 10% interest for one year. He has an additional $6,000 to deposit. At what rate must he invest the $6,000 to end the year with a total balance of exactly $9,440?\" \n" ); document.write( "----------------------------------------------------------------------\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "r, the needed interest rate as a percent. (yearly rate)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " |