Register

9. Jude deposited $550 into an account that earns simple interest, and after 11 years, the interest in the account was $484. What was the simple interest rate?

9. Jude deposited $550 into an account that earns simple interest, and after 11 years, the interest in the account was $484. What was the simple interest rate?
asked 69.3k views
21 votes
9. Jude deposited $550 into an account that

earns simple interest, and after 11 years, the
interest in the account was $484. What was
the simple interest rate?

asked
User Marco Fumagalli
by
7.3k points

1 Answer

6 votes

Answer:

8% interest rate

Explanation:

step-by-step explanation: intrest = 484

answered
User Ltjax
by
8.2k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!