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3 years ago

5

Ou put $5,000 in a simple interest account at a bank. you will earn $1,200 in just 4 years. what is the annual interest rate for

the account

1 answer:

Ray Of Light [21]3 years ago

8 0

Use the formula I=Prt
1200=5000*4r
1200/20000=r = 0.06 or 6% interest
Have a nice day :D

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Answer:

Step-by-step explanation:

Alright, lets get started.

Suppose the first fraction is : $\frac{a}{b}$

Suppose the second fraction is : $\frac{c}{d}$

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The difference of both fraction is given as : $\frac{1}{2}$

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Adding equation (1) and equation (2)

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Hence,

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