Jude deposited $550 into an account that earns simple interest, and after 11 years, the interest in the account was $484. What was the simple interest rate?

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asked Nov 25, 2023 215k views

17 votes

Jude deposited $550 into an account that earns simple interest, and after 11 years, the interest in the account was $484. What was the simple interest rate?

Mathematics
high-school

Moosa Baloch asked

by Moosa Baloch

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1 Answer

7 votes

Answer: 8% interest rate

Step-by-step explanation: intrest = 484

you’re welcome!

XGamerX answered Nov 30, 2023

by XGamerX

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