3 years ago

Emir made $182 in interest by placing $700 in a savings account with simple interest for 2 years. What was the interest rate?

Mathematics

1 answer:

Pavlova-9 [17]3 years ago

6 0

Answer:

7.69230%

R=I/P×T

R=$182/$700×2

R=182/1400

R=91/700

=7.69230%

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