What after 9 months, the simple interest earned on an investment of $1200 is $72,what is the interest rate?
Using the formula I=Prt, where I is interest, P is principal, r is rate and t is time, the interest rate comes out to 8% annually.
Answered
by Imelda S.
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What is the current interest rates?
Today's interest rate for a 30-Year Fixed is 4.97% ChaCha!
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When you increase the rates that charges more money and there...
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Jackson's savings are decreased by 10 percent. ChaCha!
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On an individual level, the trade-off for a higher interest r...
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Demand for money is dependent on price of money- the interest...
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(APY) annual percentage yield is the amount you earn on an in...
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Look at your credit card statement and look at the APR. Take ...
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If the market rate is higher than the contract rate, the bond...
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What is the current interest rates?
Today's interest rate for a 30-Year Fixed is 4.97% ChaCha!
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What is the average interest rate on a 15 year loan?
Thanks for asking ChaCha. They are steadily dropping and you ...
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Your monthly payments on a house that you borrowed $110,000.0...
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Interest rates will vary by state for TD Bank savings account...
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I checked many sources and couldn't actually find what intere...
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Companies have very high interest rates. Thanks for using Cha...
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The average length is 28 months at 7.26% interest.
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I checked many sources and couldn't actually find what intere...
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What is the prime interest rate?
Your answer is 3.25% (July 6, 2011). Src: Wolfram|Alpha
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The Federal Reserve federal funds rate in the United States h...
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Capital One's Standard Platinum credit card is for people wit...
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Companies have very high interest rates. Thanks for using Cha...
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