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 Aug 27, 2023 135k views

21 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
college

Acuminate asked

by Acuminate

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1 Answer

9 votes

Answer:

8% interest rate

Explanation:

Retrovius answered Sep 2, 2023

by Retrovius

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