Rita deposited $500 in a savings account earning simple interest.She made no other deposits or withdrawals.After 3 years,the acc

Question

2 years ago

5

ount is worth $533.75.What is the interest rate on the account

2 answers:

anygoal [31] · Answer 1 · 2022-08-05T20:35:10+03:00

8 0

Answer:

The interest rate is $11.25 per year.

Step-by-step explanation:

You divide $33.75 (the money added from interest) by 3 and you get $11.25

: )

KATRIN_1 [288] · Answer 2 · 2022-08-05T22:35:25+03:00

4 0

Answer:

Interest rate is 2.25%

Step-by-step explanation:

Formula: I = P.r.t

so rate + I/P/t