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Popular Word Problems >

Marsai saved 800. Over the course of 2 years, Marsai ended up earning an additional 128 in interest. What was the simple interest rate of the loan?

Solução

M a rs ai s a v e d 800. O v er t h e co u rse o f 2 ye a rs, M a rs ai e n d e d u p e a r nin g an a dd i t i o na l 128 in in t eres t . Wha t w a s t h e s im pl e in t eres t r a t e o f t h e l o an ?

Solução

Rate : 8%

Passos da solução

Translate the problem into an equation:

128 = 800 r \cdot 2

Resolver para

r, 128 = 800 r \cdot 2 : r = 8%

Rate : 8%

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