SOLUTION: What annual rate of interest would you have to earn on an investment of $1500 to ensure receiving $187.50 interest after one year?

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Question 1128032: What annual rate of interest would you have to earn on an investment of $1500 to ensure
receiving $187.50 interest after one year?
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
i=prt
187.50=1500*1*r
r=187.50/1500=.125 or 12.5% interest