Asked by mark

i put 4000.00 in savings. at end of 3 years the account earned 960.00 in simple interest at what simple interest rate did the account grow? please show me the work.

Answers

Answered by Reiny
I = PRT
960 =4000(R)(3)
solve for R

(I got 8%)
Answered by no
no
Answered by foxy the pirate fox
no what?
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