document.write( "Question 128022: What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principal over 5 years? \n" ); document.write( "
Algebra.Com's Answer #93743 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! What simple interest rate will Susan need to secure to make $2,500 in interest on a $10,000 principal over 5 years? \n" ); document.write( "------------------------------------- \n" ); document.write( "I = Prt \n" ); document.write( "2500 = 10000*r*5 \n" ); document.write( "r = 2500/50000 = 0.05 = 5% \n" ); document.write( "============================= \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |