asked 175k views
4 votes
After 5 years the simple interest earned on an investment of $3,000 was $645. Find the interest rate.

asked
User Amulllb
by
8.7k points

2 Answers

6 votes
The interest rate is $471 per year.
answered
User Dehalion
by
7.6k points
7 votes
4.3% thats what the intrest rate would be. hope this helped:)
answered
User Grexis
by
8.3k points
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