What is the simple interest rate on a $1350 investment paying $319.82 interest in 10.3 years?  % (round to the nearest tenth of a percent)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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What is the simple interest rate on a $1350 investment paying $319.82 interest in 10.3 years?

 % (round to the nearest tenth of a percent)

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