Mr. Gardener invested $500,000. His annual interest was $40,000. What was the annual interest rate?

asked Mar 19, 2019 69.5k views

5 votes

by Yavuz

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2 votes

The answer is 8% Hope this helps

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4 votes

Divide 40,000 by 500,000 and you get 0.08 which is 8%

Hope this helps!

Kop answered Mar 25, 2019

by Kop

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