Register

PLEASE HELP ASAP!! After 5 years, $8,060 deposited in a savings account with simple interest had earned $3,224 in interest. What was the interest rate?​

PLEASE HELP ASAP!! After 5 years, $8,060 deposited in a savings account with simple interest had earned $3,224 in interest. What was the interest rate?​
asked 130k views
5 votes
PLEASE HELP ASAP!! After 5 years, $8,060 deposited in a savings account with simple interest had earned $3,224 in interest. What was the interest rate?​

asked
User RajVimalC
by
8.7k points

1 Answer

2 votes

Answer:

Explanation:

I = PRT

PRT = I

R = I/PT

R = 3224/(8060)(5)

R= 8%

answered
User Samya
by
8.6k points
← Prev Question Next Question →

No related questions found

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

What is .725 as a fraction
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!