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Larry Klaus withdrew $310.80 simple interest from an account after 4 years. If he invested $1,110.00, how much was his rate of interest? 7% 6% 4% 5%

Larry Klaus withdrew $310.80 simple interest from an account after 4 years. If he invested $1,110.00, how much was his rate of interest? 7% 6% 4% 5%
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Larry Klaus withdrew $310.80 simple interest from an account after 4 years. If he invested $1,110.00, how much was his rate of interest?

7%
6%
4%
5%

asked
User ManuParra
by
8.0k points

2 Answers

7 votes

Answer:

7% is the answer (hope this helps) or do you need explanations?

Explanation:

answered
User Rami Ammoun
by
7.9k points
4 votes
7% is the answer to your question
answered
User Nobita
by
7.8k points
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