lamamamma22 lamamamma22

20-03-2021
Mathematics

contestada

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?

Respuesta :

meredith48034 meredith48034

20-03-2021

Answer:

Step-by-step explanation:

I = PRT

PRT = I

R = I/PT

R = 3224/(8060)(5)

R= 8%

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