Question

Mrs.Hicks earned $21.90 by investing $3659 in a saving account earning simple interest for 3 months ...what is the annual interest rate

Answer 1

Investment = $3659
SI = $21.90
t = 3 months = 3/12 yr
as we know
SI = Investement * Rate * Time
therefore
Rate = Si/Investment * Time
Rate = $21.90*12/$3659*3
Calculate is u ll find the answer

Answer 2

k thank you so much thanks thanks thanks

Answer 3

No worries Man :D

Answer 4

i am comfused!!

Answer 5

can you tell me the answer please??

Answer 6

ok wait

Answer 7

can you become a fan? i am yours

Answer 8

21.54$ per annum

Answer 9

wait so that is the answer?

Answer 10

and it is asking for it to be a percent so is it=.2154%?

Answer 11

ohh wait nope

Answer 12

?

Answer 13

RATE IS 0.2154 $ per annum
and in percent it is 21.54 %

Answer 14

i actually calculated it in percentage , forgot to add dat

Answer 15

ohh thanks for the help! got to go

Answer 16

yw :)