SOLUTION: What annual rate of interest would you have to earn on an investment of 37000 dollars to ensure receiving 2590 dollars interest after one year?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: What annual rate of interest would you have to earn on an investment of 37000 dollars to ensure receiving 2590 dollars interest after one year?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 820090: What annual rate of interest would you have to earn on an investment of 37000 dollars to ensure receiving 2590 dollars interest after one year?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
2590/37000=0.07=7%