Harold has an investment account with an amount of $\$25\ 000$ at simple interest for&nbsp;$2$ years.
At the end of $2$ years, this investment account became $\$28\ 200$.
Calculate the simple interest rate per annum.

Harold has an investment account with an amount of $\$25\ 000$ at simple interest for $2$ years.

At the end of $2$ years, this investment account became $\$28\ 200$.

Calculate the simple interest rate per annum.

Standard Form and Compound Interest

Question 76bcb53a