if you invest $8,800 in a bank account for 4 years and end up closing the account with a total of $10,560 in it, what was your interest rate

Question

if you invest $8,800 in a bank account for 4 years and end up closing the account with a total of $10,560 in it, what was your interest rate? plz help im desperate ​

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Kylie 1 week 2021-09-14T23:52:32+00:00 1 Answer 0

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    2021-09-14T23:54:19+00:00

    $8,800 x 4 years = 35,200

    $10,560/ 35,200 = 0.3

    Answer: 30%

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