Ask Question
5 April, 06:30

2. Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. Approximately what is the minimum simple interest rate that Arthur needs to achieve his goal? A 2.64% C 3.72% B 3.04% D 4.51%

+4
Answers (1)
  1. 5 April, 06:45
    0
    R=I:pt

    R=8,000: (19,500*11) = 0.0372*100=3.72%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “2. Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. Approximately what is the minimum simple interest ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers