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after 9 years a man gets

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after 9 years a man gets

by sanju09 » Sat Jul 31, 2010 4:19 am
If after 9 years a man gets a simple interest of $9576 on his investment, what is the rate at which the simple interest is given?

1. The principle + interest after 9 years is $22475.
2. Had he invested $5908 more, the bank would have offered him compound interest.


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by outreach » Sat Jul 31, 2010 5:26 am
is the answer A?

B
we are not giving information on how the interest is compounder(yearly,half yearly etc)
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