Simple interest

Peter put into bank 790 euros deposit. After 2 years on account overall was 974 euro.

What was the interest rate if bank add simple interest?

Result

p =  11.6 %

Solution:

Solution in text p =







Leave us a comment of example and its solution (i.e. if it is still somewhat unclear...):

Showing 0 comments:
1st comment
Be the first to comment!
avatar




To solve this verbal math problem are needed these knowledge from mathematics:

Our percentage calculator will help you quickly calculate various typical tasks with percentages.

Next similar examples:

  1. Loan
    money_2 If you take a bank loan $ 10000 and we want to repay after the year, we have to pay the total amount $ 10320/ What is the annual interest rate on this loan?
  2. Mortgage
    hypo_real_estate Family XY wants to take the bank mortgage (loan for an apartment/house) in the amount of € 100,000. Bank for processing the mortgage charges a fee of 0.79% of the amount borrowed. How many euros is this fee?
  3. Real estate 2
    penize_49 A real estate agent sold a lot for Php.550,000. If his agency pays at 10% commission, how much commission will he or she receive?
  4. Spending
    usd_5 If spends 25% of my net pay of $922.28 on entertainment. How much money is that?
  5. Enrollment
    enrollment The enrollment at a local college increased 4% over last year's enrollment of 8548. Find the increase in enrollment (x1) and the current enrollment (x2).
  6. Washing mashine
    pracka_2 Family buy a washing machine for 350e. Cash paid 280e. What percentage of the total price must still pay the washer?
  7. Apples 2
    jablko James has 13 apples. He has 30 percent more apples than Sam. How many apples has Sam?
  8. Sales off 2
    lcd_1 Computer monitor sold for 8400 CZK in March. In April, dealer price decreased by 798 CZK. Calculate the percentage by which the price was reduced.
  9. Percents - easy
    percents_5 How many percent is 432 out of 434?
  10. Socks
    sleva_2 One pair of socks worth CZK 27. Set of 3 pairs of these socks are sold with 10% discount. How many we will pay CZK for two offered sets of socks?
  11. Price reduction
    camera Price of camera is 654 USD on sale its price reduced to 411 USD. Calculate the percentage reduction in the price of the camera.
  12. The ball
    ball1_4 The ball was discounted by 10 percent and then again by 30 percent. How many percent of the original price is now?
  13. Number
    percent What number is 20 % smaller than the number 198?
  14. Class
    children_2 In a class are 32 pupils. Of these are 8 boys. What percentage of girls are in the class?
  15. Frameworks is bad
    space Calculate how many percent will increase the length of an HTML document, if any ASCII character unnecessarily encoded as hexadecimal HTML entity composed of six characters (ampersand, grid #, x, two hex digits and the semicolon). Ie. space as:  
  16. Profit gain
    percent_12 If 5% more is gained by selling an article for Rs. 350 than by selling it for Rs. 340, the cost of the article is:
  17. The sales
    chocholate_5 The sales tax rate is 4.447​% for the city and 4​% for the state. Find the total amount paid for 2 boxes of chocolates at ​$17.96 each.