or2027
or2027 or2027
  • 11-01-2022
  • Mathematics
contestada

The Interest on $2,000 for 2 years is $320 what is the simple interest rate?

Respuesta :

natguevarabenavides natguevarabenavides
  • 11-01-2022

Answer:

It would be 20

Step-by-step explanation:because you have to divide 320 by 2 which equals $160 for 1 year and then divide that by 2 again would be $80 for 6 months then divide it by 2 again which would be $40 and 3 months for it then divide it by 2 again and 1 and a half months equal $20

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