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if you invest $8,800 in a bank account for 4 years and end up closing the account with a total of $10,560 in it, what was your interest rate? plz help im desperate ​
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if you invest $8,800 in a bank account for 4 years and end up closing the account with a total of $10,560 in it, what was your interest rate? plz help im desperate ​

User Surikator
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1 Answer

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$8,800 x 4 years = 35,200

$10,560/ 35,200 = 0.3

Answer: 30%
User Marek Dulowski
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