Question

Marvin currently has a balance of $1,192 in an account he has held for 14 years. He opened the account with an initial deposit of $800. What is the simple interest on the account?

Answer 1

help please

Answer 2

Simple Interest: I = Prt

Start: $800.00
Stop: $1,192.00
I = $1,192.00 - $800.00 = $392.00

$392.00 = $800.00 * r * 14

Solve for r and show us what you get!

Answer 3

whats r

Answer 4

what is the answer

Answer 5

That's the question, isn't it? Please show your solution. All the setup and a useful equation are shown above. You don't want me to do ALL the work, do you? You won't learn anything!