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

Question

2 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] · Answer 1 · 2022-08-04T13:21:49+03:00

Makovka662 [10]2 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