mcgeskat
mcgeskat mcgeskat
  • 09-03-2022
  • Mathematics
contestada

What was the simple interest rate on a $8,000 investment that was left in an account for 18 months and earned $360 in interest

SHOW ME HOW U DID IT PLEASE

Respuesta :

reinrahabdishanjeri reinrahabdishanjeri
  • 09-03-2022

Answer:

0.375%

Step-by-step explanation:

i=P*R*T

$360=$8000*R/100*18/12

$360=$960R

$360/$960=$960/960

0.375%=R

Answer Link
nyirakazege123456
nyirakazege123456 nyirakazege123456
  • 09-03-2022
The answer is 0.375%
Answer Link

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