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OpenStudy (anonymous):
The simple interest on an investment of $8000 for one year is $360. What is the interest rate? A. 0.045% B. 0.45% C. 4.5% D. 45%
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OpenStudy (anonymous):
probably c but I'm not 100% sure
OpenStudy (welshfella):
I = PRT/100 where P = principal (8000), R = rate and T = time (1) I = 360
OpenStudy (welshfella):
sove for R 360 = 8000R / 100
OpenStudy (welshfella):
* solve
OpenStudy (anonymous):
R = 9/2
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