Short Answer
An investment earned $156.25 interest in 30 months. What was the simple annual rate of interest?
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q49: Albert loaned $850,000 to Batman on March
Q50: What payment on August 19 is equivalent
Q51: Payments of $900 and $1000 are due
Q52: Today is March 25<sup>th</sup>. Snow tires that
Q53: A $3000 loan at 5% was made
Q55: Determine a) whether the earlier or later
Q56: Kristina earned $33.70 at an interest rate
Q57: Calculate the amount of interest owed on
Q58: A principal of $2,680 is invested for
Q59: On May 27, Kristina made an investment