Maria has a savings account that is earning simple interest. If she started with $200 in the account and has earned a total of $
8 in interest in two years, what is the rate of the account? Use the formula .
12.5
0.08
0.00125
0.02
2 answers:
Answer:2%
Step-by-step explanation:use formula below :
S.I=P×R×T/100
Make the unknown variable subject of the formula
100×S.I/P×T=Rate (R)
R=Rate
S.I =Simple interest
P=principal
T=Time
100×8/200×2=800/400=2%
Answer: 0.02
Step-by-step explanation: ebunnext2u is correct he said 2%, 2% in decimal is 0.02
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