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Populaire Word Problems >

a loan of 22,000 was worth 30,000 after 7 years. calculate the interest rate

Solution

a l o an o f 22, 000 w a s w or t h 30, 000 a f t er 7 ye a rs . c a l c u l a t e t h e in t eres t r a t e

Solution

Rate : 5.19480 \dots %

étapes des solutions

Translate the problem into an equation:

30000 = 22000 (1 + r \cdot 7)

Solutionner pour

r, 30000 = 22000 (1 + r \cdot 7) : r = 5.19480 \dots %

Rate : 5.19480 \dots %

Exemples populaires

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