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Popular Word Problems >

if joe invests 25000 in saving bank and rat of interest is 35% per hour what is the rate of interest after 3 years

Solution

i f j oe in v es t s 25000 in s a v in g bank an d r a t o f in t eres t i s 35% p er h o u r w ha t i s t h e r a t e o f in t eres t a f t er 3 ye a rs

Solution

Interest : 26250

Solution steps

Translate the problem into an equation:

I = 25000 \cdot 0.35 \cdot 3

Simplify

I = 25000 \cdot 0.35 \cdot 3

Interest : 26250

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