Mathematics
Mathematics, 13.09.2021 01:00, lovvyDovvy04

Meena and Eisha both invest their S6000. Meena invests her $6000 at a rate of 1.50 per year compound interest.
Eisha invests her $6000 in a bank that pays simple interest.
After 8 years, their investments are worth the same amount.
Calculate the rate of simple interest per year that Eisla received.

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Answers: 3

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Meena and Eisha both invest their S6000. Meena invests her $6000 at a rate of 1.50 per year compou...

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