Ask
your own question, for FREE!
Mathematics
6 Online
OpenStudy (anonymous):
Formula for rate of interest???
Still Need Help?
Join the QuestionCove community and study together with friends!
OpenStudy (anonymous):
If $700 earns $112 simple interest in 2 years, find the rate of interest. If I could just get the formula for it and description of what each variable in the formula means or represents I could do the rest.
OpenStudy (wolf1728):
Simple Interest Interest = rate * Principal * time periods 112.00 = rate * 700.00 * 2 rate = 112.00/1,400.00 rate = .08 or rate = 8%
OpenStudy (anonymous):
Okay thank you so much! No one has been able to help me with this until now. You are literally a life saver right now, haha
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
abby2blessed:
How do you guys feel about second chances? Concerning relationships, both romantic and otherwise.
TJH:
love Love, it comes, it goes But what if it stayed stayed in the silence the storm stayed when the world was loud for me it's different; it left when it was
Puffer:
General question what came first the chicken or the egg itu2019s a trick question
Bounty:
the world keeps moving fast and I'm stuck in a time lapse all I need is a minute
Bounty:
can I get so tips on how to start my journey into semi-realism art also on how to
Strawberryluna:
Read my poem. Im not for criticism its a poem I wrote after my breakup: Youu2019ll never understand the way you made me break, I hate that I still love you
abby2blessed:
How do you guys feel about second chances? Concerning relationships, both romantic and otherwise.
4 days ago
0 Replies
0 Medals
TJH:
love Love, it comes, it goes But what if it stayed stayed in the silence the storm stayed when the world was loud for me it's different; it left when it was
5 days ago
4 Replies
3 Medals
Puffer:
General question what came first the chicken or the egg itu2019s a trick question
4 days ago
5 Replies
1 Medal
Bounty:
the world keeps moving fast and I'm stuck in a time lapse all I need is a minute
1 week ago
4 Replies
0 Medals
Bounty:
can I get so tips on how to start my journey into semi-realism art also on how to
2 weeks ago
0 Replies
0 Medals
Strawberryluna:
Read my poem. Im not for criticism its a poem I wrote after my breakup: Youu2019ll never understand the way you made me break, I hate that I still love you
5 days ago
5 Replies
2 Medals