kristianbarnett kristianbarnett

01-05-2018
Mathematics

contestada

Han has 410,000 in a retirement accounts that earns 15,785 each year find the simple interest rate for this investment

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popalabdulqayou popalabdulqayou

01-05-2018

the simple interest rate on this investment is.0385 or 3.85%:
Interest = principle * rate * time
I=prt
r=I/(pt)=15785/(410,000*1)= .0385

Answer Link

isabelbries isabelbries

06-12-2020

Answer:3.85%

Step-by-step explanation:

I= p x r x t

15,785= 410,000 x r x 1

15785/410000 = 410000r/410000

R=3.85%

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