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2 years ago

10

H deposited $ 7,500 into a bank account. At the end of 3 years, the account had earned $900 in simple intrest. What rate of intr

est did the account earn per year
a. 2.78
b. 4%
c. 8.33%
d. 12%

Please show your work along w your answer :)

1 answer:

sertanlavr [38]2 years ago

4 0

B, 4% .

Find this by using the Interest Formula:

I = P X R X T
I = 7500 X .OO4 X 3
I = 900

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