SOLUTION: Im having a hard time figuring the simple interest to this problem....
P= $5000 A=$5900 t=2 years
The solution is supposed to be 7.5%
I dont understand how that can be?
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-> SOLUTION: Im having a hard time figuring the simple interest to this problem....
P= $5000 A=$5900 t=2 years
The solution is supposed to be 7.5%
I dont understand how that can be?
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Question 339676: Im having a hard time figuring the simple interest to this problem....
P= $5000 A=$5900 t=2 years
The solution is supposed to be 7.5%
I dont understand how that can be? Answer by rfer(16322) (Show Source):
You can put this solution on YOUR website! I=Prt
900=5000*2*r
900/10000=r
r=0.09=9%
I don't know either, I get 9%.
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I=5000*2*0.075
I=750
I will guess with you.
Bob
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