SOLUTION: At what simple interest rate should 25000 be invested to earn interest of 13000 in 8 years?

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Question 917536: At what simple interest rate should 25000 be invested to earn interest of 13000 in 8 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
13000=25000*r*8
13000/200000=r
r=0.065=6.5%