Algebra: Interest Rate Help

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Algebra: Interest Rate

An interest rate is the price a borrower pays for the use of money they do not own, for instance a small company might borrow from a bank to kick start their business, and the return a lender receives for deferring the use of funds, by lending it to the borrower. Interest rates are normally expressed as a percentage rate over the period of one year.
 
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Algebra: Interest Rate Word Problems

If a 23% interest rate
If a 23% interest rate is for a ...
Donna invested her bonus
Donna invested her $33,000 bonus and received a total of $970 in interest after one year.  If part of the money returned 4% and the reminder 2...
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This Algebra page lists video tutorials, worksheets and word problems on interest rate topic.