Susie opens a simple interest checking account. After 6 months, her account grew from $500 to $508.75. What is the interest rate

Question

3 years ago

11

on her account?

1 answer:

sammy [17] · Answer 1 · 2022-03-12T12:34:02+03:00

sammy [17]3 years ago

8 0

Answer:

3.5 %

Step-by-step explanation:

508.75 - 500 = 8.75

8.75 = (500) (0.5)

8.75/250 = (250)/250

.035

Move the decimal two places to the right to get 3.5%.

Hope this helps and best of luck!

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