sgallegos097 sgallegos097

28-03-2022
Mathematics

contestada

Morgan has an investment that has earned $80,000 in interest after 20 years. If his
original investment was for $50,000 what must the interest rate have been?

Respuesta :

zhiwenc12 zhiwenc12

28-03-2022

Answer:

8%

Step-by-step explanation:

$80000 / 20 = $4000 per year

4000 / 50000 = 0.08

Interest rate per year = 8%

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