After 3 years, $80,000 deposited in a savings account with simple interest had earned $28,800 in interest. What was the interest rate? help!!

Big Tummy asked Jun 14, 2023

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1 vote

After 3 years, $80,000 deposited in a savings account with simple interest had earned

$28,800 in interest. What was the interest rate?

help!!

Big Tummy asked Jun 14, 2023

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19 votes

The interest rate would be a 10% with an original balance of 1000$

Digout answered Jun 21, 2023

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