Respuesta :

BawiBoi
Answer:
216 2/3 : 1
1= one year
Lanuel

Since Kyle invested $500 and received $650 after three years, the value of Kyles's interest rate is 43.3%.

Given the following data:

  • Principal = $500
  • Simple interest = $650
  • Time = 3 years

To calculate the value of Kyles's interest rate:

Mathematically, simple interest is given by the formula:

[tex]S.I = \frac{PRT}{100}[/tex]

Where:

  • S.I is the simple interest.
  • P is the principal amount.
  • R is the interest rate.
  • T is the time measured in years.

Making R the subject of formula, we have:

[tex]R = \frac{100S.I}{PT}[/tex]

Substituting the given parameters into the formula, we have;

[tex]R = \frac{100 \times 650}{500 \times 3}\\\\R = \frac{65000}{1500}[/tex]

Interest rate, R = 43.3%

Read more: https://brainly.com/question/22621039?referrer=searchResults

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