asked 99.7k views
19 votes
Kelly's inheritance from her great-grandmother was $220,000 after taxes. If Kelly invests this money in a savings account that earns $18,260 in simple interest every year, what is the interest rate on her account?

1 Answer

2 votes

Answer:

The interest rate is 8.3%

Explanation:

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answered
User Mrcasals
by
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