damianrod10200 damianrod10200

04-04-2018
Mathematics

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help plz................

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sqdancefan sqdancefan

04-04-2018

You have the formula. Put in the numbers and solve for r.

The interest earned in 4 years on 5000 is (6500 -5000) = 1500.
.. I = Prt
.. 1500 = 5000*r*4
.. 1500/20000 = r = .075 = 7.5% . . . . . . matches selection B

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