You put $10,000 in a simple interest account at a bank you will eat 108 just for 4 years what is the annual interest rate for this account

The rate is 0.27%

Step-by-step explanation:

If interest = $108, principal = $10000, time = 4 years

Simple Interest = (principal * rate * time) / 100

rate = (interest * 100) / (principal * time)

Substitute the value into the formula above

Rate = (108*100) / (10000*4)

= 108/400

Rate = 0.27%