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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Valentin Borisov asked Mar 5, 2023

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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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Valentin Borisov asked Mar 5, 2023

by Valentin Borisov

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27 votes

Answer:

8% interest rate

Explanation:

Ofek Ron answered Mar 9, 2023

by Ofek Ron

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