If the simple interest on $4000 for 2 years is $400, then what is the interest rate?

1 answer:

6 0

Step-by-step explanation:

the answer is 5 percentage because the formula is 100 * 400 over 4000 * 2

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If the simple interest on ​$4000 for 2 years is ​$400​, then what is the interest​ rate?