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If the simple interest on $4,000 for 10 years is $3,200,then what is the interest rate

If the simple interest on $4,000 for 10 years is $3,200,then what is the interest rate
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1 vote
If the simple interest on $4,000 for 10 years is $3,200,then what is the interest rate

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User Anton Shuvalov
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7.3k points

2 Answers

3 votes
The. Interest rate would be 1.25.
answered
User Sherian
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8.3k points
5 votes
The answer will be 1.25
answered
User Jastr
by
8.2k points
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