SOLUTION: What is the simple interest rate on a $1900 investment paying $1,415.31 in 19.1 years. ______% round to the nearest tenth of a percent.

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Question 1175391: What is the simple interest rate on a $1900 investment paying $1,415.31 in 19.1 years.
______% round to the nearest tenth of a percent.
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!

Hi
 I = Prt
 r = I/Pt = 1415.31%2F%281900%2A19.1%29 = .039  0r 3.9%
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