Mathematics, 18.02.2021 06:40 Aaraar

Melissa invested $8000 in a fund for 4 years and was paid simple interest. The total interest that she received on the investment was $1920. As a percentage, what was the annual interest rate of her investment?
If necessary, refer to the list of financial formulas.

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Melissa invested $8000 in a fund for 4 years and was paid simple interest. The total interest that she received on the investment was $1920. As a percentage, what was the annual interest rate of her investment? If necessary, refer to the list of financial formulas.

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Melissa invested $8000 in a fund for 4 years and was paid simple interest. The total interest that she received on the investment was $1920. As a percentage, what was the annual interest rate of her investment?
If necessary, refer to the list of financial formulas.