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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Answers:

  • **** ******** *** ***** of ******** rate
    I=PRT
    ****
    Attached: Algebra.pdf
  • **** *** ******* for ****** *********
    ******
    = (PTR) / 100 *****
    ******
    *
    ****
    ********* * *****
    R=
    ** *** *****
    so
    ************ in
    the
    ******* *
    *
    ********** *** (900 x * * ******* **************
    *******
    R=667 **
  • ********* * *****
    Interest
    * **** Time
    *
    ******* Interest *
    *********
    * ************ * time ** = ***
    *
    i/100 * ** ** ************ = *****

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