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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?

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?
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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 Moosa Baloch
by
8.3k points

1 Answer

7 votes

Answer: 8% interest rate

Step-by-step explanation: intrest = 484


you’re welcome!

answered
User XGamerX
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7.8k points
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