10-12-2021
Mathematics

contestada

24) If the simple interest on $4,000 for 3 years
is $960, then what is the interest rate?

Respuesta :

blowme69 blowme69

10-12-2021

Answer:

8% annual

Step-by-step explanation:

first find the rate of 1 year. 960/3 = 320.

then find what % of 4,000, 320 is.

8%

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