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22 January, 03:45

Terry's investment of $2,200 in the stock market earned $528 in two years. Find the simple interest rate for the investment

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  1. 22 January, 03:58
    0
    24%

    Step-by-step explanation:

    t = ?

    P = 2,200

    I = 528

    r = 12%

    528 = 2,200 (t x 1)

    t = 528/2,200

    t = 0.24

    t = 0.24 x 100 = 24%

    You're welcome.
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