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QUESTION

Algebra

Fiona deposited $900 in  the bank over 2 years. She earned $60 in simple interest at the end of 2 years. What was the annual interest rate?

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ANSWER

Tutor has posted answer for $5.00. See answer's preview

$5.00

* * ****

60

= ************ **

=1800R

******* =

**

** * ******

**

R= 100/30 *

*****

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ANSWER

Tutor has posted answer for $5.00. See answer's preview

$5.00

**** attached *** ***** ** interest rate

******

***

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ANSWER

Tutor has posted answer for $2.00. See answer's preview

$2.00

**** the formula *** simple *********

******

* ***** * **** *****

Amount

=

****

********* * *****

**

** *** *****

**

************ in

the

******* A

*

********** 60= **** * * * R)/100 **************

R=60/9

R=667 *

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ANSWER

Tutor has posted answer for $5.00. See answer's preview

$5.00

********* * *****

********

* $60 ****

=

******* ******** *

principal

* interest/100 * ***** ** = 900

*

***** * ** I= 60/1800*100 = ****

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