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Mathematics 18 Online

OpenStudy (safari321):

I'll seriously give medals You deposit $6,450 in a savings account. After 4 years, the account is worth $7,998. What simple interest rate did the account earn?

14 years ago

OpenStudy (pokemon23):

$6,450*4years=7998 I guess?

14 years ago

OpenStudy (safari321):

you guess?

14 years ago

OpenStudy (pokemon23):

well not guess but I used my prior knowledge

14 years ago

OpenStudy (safari321):

hmmmp

14 years ago

OpenStudy (pokemon23):

I know that its wrong

14 years ago

OpenStudy (anonymous):

u doing I=Prt?

14 years ago

OpenStudy (safari321):

it is ihatealgebrasomuch

14 years ago

OpenStudy (anonymous):

k, well you have ur original deposit=Principal=6450 and then u have the end which is I= 7998 Time=4 years and your trying to find the % rate so I = p r t 7998=6450x(4) now that u have the equation, can u solve it from there?

14 years ago

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