Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the simple interest rate on a $2200 investment paying $968.66 interest in 11.9 years? 3'6 (round to the nearest tenth of a percent)

image text in transcribed
What is the simple interest rate on a $2200 investment paying $968.66 interest in 11.9 years? 3'6 (round to the nearest tenth of a percent)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Simulation

Authors: Sheldon M Ross

6th Edition

0323899617, 9780323899611

More Books

Students also viewed these Mathematics questions

Question

3. To retrieve information from memory.

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago

Question

1. Empirical or factual information,

Answered: 1 week ago