14-05-2020
Mathematics

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

Respuesta :

auri2xx auri2xx

14-05-2020

Answer:

24%

Step-by-step explanation:

Answer Link

cjwilli08 cjwilli08

15-05-2020

Answer:

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%

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