Question

WILL MEDAL AND FAN!!!!
SOMEONE PLZ HELP!!!

The simple interest on an investment of $2000 for one year is $110.

What is the interest rate?









A.
0.0055%







B.
0.055%







C.
0.55%







D.
5.5%

Answer 1

$2,000*5.5%=$110

Answer 2

no it dosnt :(

Answer 3

remember to move the decimal point to the left twice when you multiply
5.5% = .055

Answer 4

so its c??

Answer 5

No, its D. To get the answer you use the equation $2,000*5.5%. 5.5% first need to be changed to .055. So the new equation will be $2,000*.005. That equals $110.

Answer 6

oops sorry!

Answer 7

When ever you multiply a percentage you first need to change the percentage to a decimal. You do that by moving the decimal point to the left twice. After that you can multiply.