Ask Question
22 September, 20:20

Terry's investment of $2,200 in the stock market earned $528 in two years. Find the simple interest rate for the investment

+5
Answers (1)
  1. 22 September, 23:45
    0
    24%

    Step-by-step explanation:

    t = ?

    P = 2,200

    I = 528

    r = 12%

    528 = 2,200 (t x 1)

    t = 528/2,200

    t = 0.24

    t = 0.24 x 100 = 24%

    You're welcome.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Terry's investment of $2,200 in the stock market earned $528 in two years. Find the simple interest rate for the investment ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers