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OpenStudy (jenny.andrade):
After 6 months the simple interest earned annually on investment of $8,000 was 975. find the interest rate to the nearest tenth of a percent. a 0.2 b. 22.4% c. 0.2444 d. 24.4%
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OpenStudy (anonymous):
The answer is (D.) 24.4% This is how you get the answer Interest rate = (interest earned * # of months / 12 ) / invesment (Again you have to multiply the above equation by 100% to get the percentage)
OpenStudy (jenny.andrade):
did you use a calculator? orr..
OpenStudy (jenny.andrade):
anyways thanks
OpenStudy (anonymous):
Yeah i used a calculator lol your welcome XP
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