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OpenStudy (anonymous):
Find the annual interest rate if a $5000 investment earns $550 annual simple interest.
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OpenStudy (lilg132):
11 percent
OpenStudy (slaaibak):
550/5000 = 11%
OpenStudy (anonymous):
5000$ - 100% 550$ - x% solve a propotion 550*100/5000=11%
OpenStudy (lilg132):
your working out was wrong :p 550/5000 *100
OpenStudy (anonymous):
Thank you :)
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OpenStudy (anonymous):
11%
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