+0  
 
0
230
1
avatar

what simple interest rate is $420 the interest for 2 1/2 years on $1200?

Guest Jun 27, 2017
 #1
avatar
0

$420 / (2 1/2) =$420 x 2/5 =$168 Simple interest for 1 Year

$168 / $1,200 =0.14 x 100 = 14% - Simple annual interest  rate.

Guest Jun 27, 2017

15 Online Users

New Privacy Policy

We use cookies to personalise content and advertisements and to analyse access to our website. Furthermore, our partners for online advertising receive information about your use of our website.
For more information: our cookie policy and privacy policy.