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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  • $5.00
    ANSWER
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    * * ****

    60

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

    =1800R

    ******* =

    **

    ** * ******

    **

    R= 100/30 *

    *****

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

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

    ******

    ***

    Click here to download attached files:

    Algebra.pdf

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  • $2.00
    ANSWER
    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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  • $5.00
    ANSWER
    Tutor has posted answer for $5.00. See answer's preview

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

    ********

    * $60 ****

    =

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

    principal

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

    *

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

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