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If the simple interest on $4000 for 5 years is $1,000 then what is the interest​ rate?

If the simple interest on $4000 for 5 years is $1,000 then what is the interest​ rate?
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If the simple interest on $4000 for 5 years is $1,000 then what is the interest​ rate?

User Akavel
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1 Answer

8 votes

Answer:

I am not sure but I think it is 5%

Explanation:

User Kalida
by
7.2k points
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