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Alan earned $5409.25 simple interest from an investment of $9835 over 5 years. What was the interest rate per anum

math
 Aug 11, 2014

Best Answer 

 #1
avatar+118723 
+5

I=Prt

You have the interest earned I=5409.25

You have the principal P=9835

you have the time t=5

you need to find r

You show me at least how to start this problem.  

 Aug 11, 2014
 #1
avatar+118723 
+5
Best Answer

I=Prt

You have the interest earned I=5409.25

You have the principal P=9835

you have the time t=5

you need to find r

You show me at least how to start this problem.  

Melody Aug 11, 2014
 #2
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0

11% interest

 Aug 11, 2014

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