Find the rate if a principal of $1,275 earned $969 interest in 8 years

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%

correct

step-by-step explanation:

use distributive property on all like terms and change your signs if you have a double negative or if you have positive/negative