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If the simple interest on $3,000 for 8 years is $1,200 then what is the interest rate ??

If the simple interest on $3,000 for 8 years is $1,200 then what is the interest rate ??
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2 votes
If the simple interest on $3,000 for 8 years is $1,200 then what is the interest rate ??

User NiKiZe
by
8.2k points

2 Answers

3 votes
Yes, it is 60% intrest
User Nickebbitt
by
8.7k points
1 vote
it’s 60% interest rate
User Charter
by
8.8k points
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