Respuesta :

Answer:

9.5 is the rate percent at which the interest had been earned

altavistard

Answer:

The rate was 0.095, or 9.5%

Step-by-step explanation:

We'll assume that this situation involves simple interest, for which the formula is

i = p*r*t.

Then:

$969 = $1275*r*8.

Dividing both sides by [$1275*8], we get:

   $969

-------------- = 0.095

 $1275*8

The rate was 0.095, or 9.5%

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