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

User BlackSlash
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Answer:

Mr. Gardener's annual interest rate is 8%.

40,000/500,000 = 0.08

User Stjepan Bakrac
by
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2 votes

Mr. Gardener's annual interest rate is 8%.

40,000/500,000 = 0.08

User Dexto
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