4 year(s) ago, Isaac invested 48,596 dollars. He has earned and will earn 9.86 percent per...

4 year(s) ago, Isaac invested 48,596 dollars. He has earned and will earn 9.86 percent per year in compound interest. If Priya invests 93,039 dollars in 2 year(s) from today and earns simple interest, then how much simple interest per year must Priya earn to have the same amount of money in 8 years from today as Isaac will have in 8 years from today? Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.

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jeff jeffy answered 7 months ago

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