What is the principal amount if the interest at the end of 2.5 years is 4,500 with a simple interest rate of 6.01% per year?
How long does a 40,000 note with 4.02% simple interest have to run to equal 41,400?
What is the annual rate of interest if 16,000 earns 482 in 9 months?

Answer rating: 100% (QA)

For simple interest the formula to calculate the interest is I P r t where I is the interest P is th... View the full answer