Isabel invested $200 in a fund for 6 years and was paid simple interest. The total interest that she received on the investment was $48. As a percentage, what was the annual interest rate of her investment.

asked Feb 8, 2021 90.5k views

0 votes

by Ehsan

4.2k points

Please log in or register to add a comment.

3 votes

You need to do cross multiplication

James Harris answered Feb 14, 2021

3.9k points

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.6m questions

6.0m answers