Top 10 A MAN EARNS \$112 INTEREST IN ONE YEAR ON AN INVESTMENT OF \$1,400. WHAT WAS HIS RATE OF INTEREST?? Answers

# A Man Earns \$112 Interest In One Year On An Investment Of \$1,400. What Was His Rate Of Interest?

Category: Finance

## 1. a man earns \$112 interest in one year on an investment of …

Jun 26, 2016 · 2 answersInterest, I = PrTPrincipal, P = \$1400, Rate R = % per year, Time T = 1 year 112 = 1400*R*1112/1400 = RR = 112/1400R = 0.08 = 8/100R = 8% per (1)

You can put this solution on YOUR website! If you went to a bank to deposit \$1000 and they told you the interest rate was 3%, how would you know how much (2)

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## 2. unit 2 questions Flashcards | Quizlet

Which of the following represents “the difference between a number and eight is twenty-two”? N – 8 = 22. Solve for y. -80 + y = 80. y = 160. Solve for x.(4)

Answer to: A man earns \$112 interest in one year on an investment of \$1400. What was his rate of interest? By signing up, you’ll get thousands of1 answer  ·  Top answer: Given Data
• The interest is I=\$112I=\$112.
• The principal amount is P=\$1400P=\$1400.

The expression for the interest is,

{eq}I =(5)

FREE Answer to A man earns \$112 interest in one year on an investment of \$1400. What was his rate of interest?1 answer  ·  0 votes: R = \$112 / \$1400 which solves to a rate of 0.08 or multiplying it by 100 to make a percentage 8%.

Explanation:

Assuming no compound interest:

I (6)

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