Answer:
3%
Step-by-step explanation:
The interest on the account is given by the simple interest formula:
I = Prt
where I is the interest, P is the principal invested, r is the annual rate, and t is the number of years
375 = 2500r(5) . . . . . . using the given values in the formula
375/12500 = r = 0.03 . . . . . divide by the coefficient of r
Sonnie's account had a 3% interest rate.
Answer:
534
Step-by-step explanation:
5.34 move the decimal over for every zero.
