Short Answer
A $2875.40 investment grew to $3000 after eight months. What annual rate of simple interest did it earn?
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q94: Penny invested $4,500 on October 28 at
Q95: Calculate the missing value:<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8414/.jpg" alt="Calculate
Q96: If money if worth $1,150 now and
Q97: Umberto borrowed $7,500 from Delores on November
Q98: Ninety days ago Stella signed an agreement
Q100: Calculate the equivalent value of the scheduled
Q101: A $7760 investment earning 6.25% matured at
Q102: On September 4 Fred made a $25,000
Q103: At what rate can money be invested
Q104: Eight months ago, Louise agreed to pay