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If the interest on $2000 for 2 years is $320, then what is the interest rate?

If the interest on $2000 for 2 years is $320, then what is the interest rate?
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If the interest on $2000 for 2 years is $320, then what is the interest rate?

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User Nancy
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1 Answer

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The answer is 8%. Use the formula SI=PRT
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User Sianami
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User Marek Stanley
asked Oct 27, 2017 1.6k views
If the simple interest on $2000 for 2 years is $320, then what is the interest rate?
Marek Stanley asked Oct 27, 2017
by Marek Stanley
8.0k points
2 answers
2 votes
1.6k views
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