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11-09-2020
Mathematics

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Eliana has $2600 to invest for 6 months. If she needs the money to earn $104 in that time, at what rate of simple interest must Eliana invest?

What equation would I use to solve this?

Respuesta :

20cash2019 20cash2019

11-09-2020

Answer:

8%

Step-by-step explanation:

I=Pr

104=2600*r/2

r/2=104/2600

r=(104/2600)(2)

r=0.08=8%

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