A \$6000 investment earns \$690 simple interest in two years. What is the annual interest rate? A. 1.15% B. 5.75% C. 11.5% D. 57.5%
A \$6000 investment earns \$690 simple interest in two years. The annual interest rate is 5.75%. I = Prt 690 = 6000 * r * 2 690 = 12000 * r r = 690 ÷ 12000 r = 0.0575 = 5.75%
Updated 5/4/2016 7:14:04 AM
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A \$6000 investment earns \$690 simple interest in two years. The annual interest rate is 5.75%.
I = Prt
690 = 6000 * r * 2
690 = 12000 * r
r = 690 ÷ 12000
r = 0.0575 = 5.75%

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Updated 5/4/2016 7:14:15 AM
Sixty is what percent of 50? A. 30% B. 90% C. 110% D. 120%
Weegy: 50*x = 60; x = 1.2 Sixty is 120 percent of 50. (More)
Updated 5/4/2016 7:18:00 AM
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