Concept explainers
To find: Simple interest rate.
Answer to Problem 39STP
Simple interest rate
Explanation of Solution
Given information:
Principal amount
Time
Beatriz made a payment of
Concept:
Where
Calculation:
From given information
Principal amount
Time
Beatriz made a payment of
We know
Using that
We can say that
So, Beatriz made a payment of
Total amount Beatriz paid
Simple interest
Time
We know
Using that
We can say that
Time
On substituting values in above mentioned concept
We get
We know
Therefore,
To nearest cent, Simple interest rate
Chapter 6 Solutions
Glencoe Math Accelerated, Student Edition
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