Practice problem
Simple Interest - Formula & Definition
Ben wants to have at least 10,000 dollars in his simple interest savings account after 12 years. If Ben puts in 5,300 dollars, what is the minimum annual interest rate he needs?
Practice problem
Ben wants to have at least 10,000 dollars in his simple interest savings account after 12 years. If Ben puts in 5,300 dollars, what is the minimum annual interest rate he needs?