Register

What simple interest rate is needed for $1,000 to grow to $1,071.25 in 9 months? (Round to the nearest tenth of a percent, if necessary)

What simple interest rate is needed for $1,000 to grow to $1,071.25 in 9 months? (Round to the nearest tenth of a percent, if necessary)
asked 99.0k views
9 votes
What simple interest rate is needed for $1,000 to grow to $1,071.25 in 9 months? (Round to the nearest tenth of a percent, if necessary)

asked
User Fishingfon
by
8.1k points

1 Answer

10 votes

Answer:

9.6%

Explanation:

What simple interest rate is needed for $1,000 to grow to $1,071.25 in 9 months? (Round-example-1
answered
User Tsps
by
8.5k points
← Prev Question Next Question →

Related questions

User Nitin Chawda
asked Oct 16, 2024 36.0k views
0.046x+0.071(750,000-x)=49,500 Simplifying and solving for x, we get:
Nitin Chawda asked Oct 16, 2024
by Nitin Chawda
8.6k points
1 answer
4 votes
36.0k views
Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!