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https://math.answers.com/math-and-arithmetic/Determine-the-simple-interest-rate-at-which-$2400-will-grow-to-$2590-in-10-month

determine the simple interest rate at which $2400 will grow to $2590 in 10 month? - Answers

2590/2400 gives us 1.079166666666667, or a roughly 8% increase in that time. If we want an 8% increase in 10 months with a simple (non-compounding) interest rate, then it must rise by 8/10 = 0.8% per month.



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determine the simple interest rate at which $2400 will grow to $2590 in 10 month? - Answers

https://math.answers.com/math-and-arithmetic/Determine-the-simple-interest-rate-at-which-$2400-will-grow-to-$2590-in-10-month

2590/2400 gives us 1.079166666666667, or a roughly 8% increase in that time. If we want an 8% increase in 10 months with a simple (non-compounding) interest rate, then it must rise by 8/10 = 0.8% per month.



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https://math.answers.com/math-and-arithmetic/Determine-the-simple-interest-rate-at-which-$2400-will-grow-to-$2590-in-10-month

determine the simple interest rate at which $2400 will grow to $2590 in 10 month? - Answers

2590/2400 gives us 1.079166666666667, or a roughly 8% increase in that time. If we want an 8% increase in 10 months with a simple (non-compounding) interest rate, then it must rise by 8/10 = 0.8% per month.

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      2590/2400 gives us 1.079166666666667, or a roughly 8% increase in that time. If we want an 8% increase in 10 months with a simple (non-compounding) interest rate, then it must rise by 8/10 = 0.8% per month.

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