Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. approximately what is the minimum simple interest rate that arthur needs to achieve his goal?

a. 2.64%

b. 3.04%

c. 3.72%

d. 4.51%

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Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. approximately what is the minimum simple interest rate that arthur needs to achieve his goal?a. 2.64%b. 3.04%c. 3.72%d. 4.51%

Arthur has $19,500 to invest, and wishes to gain $8,000 in interest over eleven years. approximately what is the minimum simple interest rate that arthur needs to achieve his goal?

a. 2.64%

b. 3.04%

c. 3.72%

d. 4.51%