harolyn0820 harolyn0820

25-09-2020
Mathematics

contestada

Teresa invested $500 in a fund for 6 years and was paid simple interest. The total interest that she received on the investment was $240. As a percentage, what was the annual interest rate of her investment?

Respuesta :

TheUnlisted TheUnlisted

25-09-2020

Answer:

8%

Step-by-step explanation:

500x6=3000

8% of 300 is 240

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