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Mathematics 96 Online
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?

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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