montyguffie1234 montyguffie1234

10-05-2022
Mathematics

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You deposited 9500 dollars in a savings account that earns a simple intrest rate. What intrest rate do you need to be paid, if you require 9880 after 4 years?

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jsimpson11000 jsimpson11000

10-05-2022

Answer:

1%

Step-by-step explanation:

Interest gain would be 9880 - 9500 = 380 dollars

9500 * i * 4 yrs = 380

i = .01 or 1%

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