04/02/13
You invest $5,000 in an account simple interest. The balance after 6 years is $6,200. What is the interest rate?
i understand how to do simple interest i just don't understand this question. how are you soppused to find the interest rate?
Follows
•
4
Expert Answers
•2
![]()
![]()
Still looking for help? Get the right answer, fast.
Ask a question for free
Get a free answer to a quick problem.
Most questions answered within 4 hours.
OR
Find an Online Tutor Now
Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.