16) The amount of $15,700 is deposited into a CD account for 8 years with simple interest. At the end of 8 years the balance is 19,201 dollars. What is the interest rate. Interest______ Simple Interest Rate:______
16) The amount of $15,700 is deposited into a CD account for 8 years with simple interest. At the end of 8 years the balance is 19,201 dollars. What is the interest rate. Interest______ Simple Interest Rate:______
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section7.7: Simple And Compound Interest
Problem 16E
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16) The amount of $15,700 is deposited into a CD account for 8 years with simple interest. At the end of 8 years the balance is 19,201 dollars. What is the interest rate.
Interest______
Simple Interest Rate:______
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