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Leto [7]
3 years ago
5

you deposit $1,200 in an account that earns simple interest. After 42 months, the account earns $96.60 in interest. What is the

annual interest rate to the nearest tenth of a percent?
Mathematics
1 answer:
snow_tiger [21]3 years ago
7 0
Interest rate:

 42x = 96.60
÷42    ÷42
x = 2.30

Full Equation:

1,200 + (2.30 × 42 )
1,200 + 96.60
$1,296.60
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