Mikayla opens a savings account with a principal balance of $3,000. After 5 years, she earns $450 in interest. Using the equatio
n =rt , where = interest, = principal, = rate, and =time. What is the interest rate on Mikayla’s account after 5 years?
2 answers:
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The answer would be 15.7142857143
You can get the answer by calculating (5/7) × 22
You can get the answer by calculating (5/7) × 22