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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!!

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!!
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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!!

User Yunbin Liu
by
7.5k points

1 Answer

3 votes
The interest rate would be a 10% with an original balance of 1000$
User Jossette
by
8.5k points
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