Cea deposited P so,000 in a bank that paid her $ 1,750 simple interejr tor one year. what s the rate of interest for this deposit?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.49TI: Nathaly deposited $12,500 in her bank account where it will earn 4% simple interest. How much...
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Cea depogited Pso,000 in a bank
that paid her $ 1,750 simple interesr
tor one year. what s the rate of
Interest for this deposit?
( Please expluin it with a
omplete folurion)
thank you ☺
Transcribed Image Text:Cea depogited Pso,000 in a bank that paid her $ 1,750 simple interesr tor one year. what s the rate of Interest for this deposit? ( Please expluin it with a omplete folurion) thank you ☺
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