Register
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!!
228k views
0 votes
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
7.4k points

1 Answer

3 votes
The interest rate would be a 10% with an original balance of 1000$
User Jossette
by
8.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
9/10 divided by (1/10 plus 2/5)
Link Copied!