enasmusa123otk2th enasmusa123otk2th
  • 30-06-2020
  • Mathematics
contestada

*77. The holder of an $8000 savings certificate gets a
$640 check at the end of the year. What is the
annual rate of simple interest?

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gilbertazavedo72
gilbertazavedo72 gilbertazavedo72
  • 30-06-2020

Answer: 8 %

Step-by-step explanation:

SI = prt / 100

640 = 8000 x r x 1

r = 640 / 8000 = 0.08

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