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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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* * ****
60
= ************ **
=1800R
******* =
**
** * ******
**
R= 100/30 *
*****
- @
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Tutor has posted answer for $5.00. See answer's preview
**** attached *** ***** ** interest rate
******
***
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Tutor has posted answer for $2.00. See answer's preview
**** the formula *** simple *********
******
* ***** * **** *****
Amount
=
****
********* * *****
**
** *** *****
**
************ in
the
******* A
*
********** 60= **** * * * R)/100 **************
R=60/9
R=667 *
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- ANSWER
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Tutor has posted answer for $5.00. See answer's preview
********* * *****
********
* $60 ****
=
******* ******** *
principal
* interest/100 * ***** ** = 900
*
***** * ** I= 60/1800*100 = ****