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Popular Word Problems >

Determine the simple interest owed on 740 for 5 years at a rate of 15.5%.

Solución

De t er min e t h e s im pl e in t eres t o w e d o n 740 f or 5 ye a rs a t a r a t e o f 15.5%.

Solución

Interest : 573.5

Pasos de solución

Translate the problem into an equation:

I = 740 \cdot 0.155 \cdot 5

Simplificar

I = 740 \cdot 0.155 \cdot 5

Interest : 573.5

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