Question

If the simple interest on $1000 for 5 years is $250, then what is the rate?

Answer 1

@Nurali Is it 4%

Answer 2

?

Answer 3

@Jamie1019 Is there any answer choices

Answer 4

no

Answer 5

Its 5% rate

Answer 6

I = Prt

Answer 7

I=250
P=1000
t=5

Answer 8

r=I/Pt

Answer 9

0.05*1,000*5=250

Answer 10

r=250/1000*5
r=0.05
r=0.05*100
r=5%

Answer 11

Welcome to Openstudy.

Answer 12

I was right!! WOHOO

Answer 13

@Jamie1019 Are you there