anonymous
  • anonymous
$200 in the account and has earned a total of $8 in interest in two years, what is the rate of the account?
Geometry
chestercat
  • chestercat
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texaschic101
  • texaschic101
I = PRT is the original formula, but since we are looking for R, we can change it to : I/PT = R I = 8 P = 200 T = 2 now we sub I /PT = R 8/(200)(2) = R 8/400 = R .02 = R -- change to percent 2% = R
anonymous
  • anonymous
thanks so much !! (:
texaschic101
  • texaschic101
sure thing :)

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