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OpenStudy (anonymous):
Ned currently has a balance of $1,006.13 in an account he has held for 23 years. He opened the account with an initial deposit of $612. What is the simple interest rate on the account?
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OpenStudy (tkhunny):
\(I = Prt\) \(P = 612.00\) \(I = 1006.13 - 612.00\) \(t = 23\) Go!
OpenStudy (anonymous):
i dont get it.. like, its not working... :/
OpenStudy (anonymous):
394.13 = 14076r right?
OpenStudy (tkhunny):
What's not working? Divide away and you'll have it!
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