184k views
21 votes
If the simple interest on ​$7000 for 8 years is ​$5040​, then what is the interest​ rate?

1 Answer

12 votes

Answer:

9% per year

Explanation:

User Ashitakalax
by
8.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories