document.write( "Question 1147391: How to calculate the rate percent per annum if $5760 interest is paid when $12800 is invested for 6 years. \n" ); document.write( "
Algebra.Com's Answer #768708 by Boreal(15235)\"\" \"About 
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With simple interest, I=prt
\n" ); document.write( "so 5760=12800*rate*6
\n" ); document.write( "so 5760/(12800*6)=rate
\n" ); document.write( "rate=0.075 or 7.5%
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