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Alex Ar [27]
3 years ago
6

Carmen deposited $960 in a savings account with simple interest. Five years later, the account held $1,200. What was the interes

t rate?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.
Mathematics
1 answer:
Makovka662 [10]3 years ago
4 0

Answer:

0.25/ 25%

Step-by-step explanation:

I=prt

1200=960*x*5

1200=4800x

divide both sides by 4800

x=0.25

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