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Aiden invests money in an account paying simple interest. He invests $40 and no money is added or removed from the investment. After one year, he has $42.80. What is the simple percent interest per year?
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Aiden invests money in an account paying simple interest. He invests $40 and no money is added or removed from the investment. After one year, he has $42.80. What is the simple percent interest per year?

User Rashae
by
8.1k points

2 Answers

7 votes

Answer:

7%

This answer is better when your answering as a percentage.

User Alexander Varwijk
by
7.7k points
4 votes

Answer:

82.8

Explanation:

User HemaSundar
by
8.9k points
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