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If the simple interest on $3,000 for 10 years is $2,400 then what is the Interest rate?

If the simple interest on $3,000 for 10 years is $2,400 then what is the Interest rate?
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If the simple interest on $3,000 for 10 years is $2,400 then what is the Interest rate?

If the simple interest on $3,000 for 10 years is $2,400 then what is the Interest-example-1
asked
User Moulde
by
7.9k points

1 Answer

4 votes
The answer is 8 percent.

answered
User Cody Harness
by
8.4k points
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