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The interest on $2,000 for 2 years is $320. What is the simple interest rate?

The interest on $2,000 for 2 years is $320. What is the simple interest rate?
asked 79.8k views
4 votes
The interest on $2,000 for 2 years is $320.
What is the simple interest rate?

asked
User Weberjn
by
8.1k points

2 Answers

4 votes

Answer:8%

Explanation:

answered
User Hiren Prajapati
by
8.6k points
3 votes

Answer:

8%/year

Explanation:

answered
User Nanny
by
8.2k points
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