can anyone solve this for algebra 1?
directions: write the formula that is needed to solve the problem and identify the values of the variables that are given. You do not need to solve the problem

the savings account in which you invested 250 dollars has earned 30 dollars simple interest in 5 years. What is the interest rate of the account?
I need the answer by tonight (9/22/08)

Hello MW

You can find the answer here (LINK) (http://www.moneychimp.com/articles/finworks/fmfutval.htm)

Sorry : I give you the way how to get there. But you have to do something yourself : it is YOUR homework !

:rolleyes: