2 years ago

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

Mathematics

2 answers:

diamong [38]2 years ago

7 0

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

Gelneren [198K]2 years ago

6 0

The answer is 0.375%

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