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katovenus [111]
3 years ago
8

One year ago, Lindsey deposited $250 into a savings account. Her balance is now $253. Two years ago, Jenn deposited $250 into a

savings account. Her balance is now $257.50. Which account has the greater simple interest rate? Explain
Mathematics
2 answers:
Nana76 [90]3 years ago
5 0

Answer:

Jenn's account has a greater simple interest rate.

Lindsey's interest in 1 year was $3

Jenn's interest in 2 years was $7.50 if you divide $7.50 by 2 the answer would be 3.75 therefore Jenn's account has the greater simple interest rate.

SashulF [63]3 years ago
4 0

Answer:

Jenn's account has a greater simple interest rate.

Lindsey's interest in 1 year was $3

Jenn's interest in 2 years was $7.50 if you divide $7.50 by 2 the answer would be 3.75 therefore Jenn's account has the greater simple interest rate.

Step-by-step explanation:

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