OpenStax, Prealgebra 2e §6.4 Solve Simple Interest Applications · Exercise 28 · Algebra · Algebra word problems

Solve Simple Interest Applications · Exercise 28

Solve the problem using the simple interest formula.

Kenneth lent his niece $\$ \text{1},\text{200} $t o b u y a co m p u t er . T w oy e a r s l a t er, s h e p ai d himba c k t h e$ $\text{1},\text{200}, $pl u s$ $\text{96}$ interest. What was the rate of interest?

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OpenStax, Prealgebra 2e · §6.4 Solve Simple Interest Applications · Exercise 28

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