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$8,000 was invested at a simple interest rate. In 9 years, the account was worth $13,040. What was the interest rate?

$8,000 was invested at a simple interest rate. In 9 years, the account was worth $13,040. What was the interest rate?
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$8,000 was invested at a simple interest rate. In 9 years, the account was worth $13,040. What was the interest rate?

User Ariya Hidayat
by
7.0k points

1 Answer

3 votes

Answer:

.63% interest

User Paul Feakins
by
8.4k points
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