makaylamarsh608 makaylamarsh608

05-04-2020
Mathematics

contestada

Han has $410,000 in a retirement account that earns 15,785 each year. Find the simple interest rate for investment?

Respuesta :

handelcs2017 handelcs2017

05-04-2020

Answer:

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

Step-by-step explanation:

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