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trapecia [35]
2 years ago
12

Jason invests money in an account paying simple interest. He invests $160 and no money is added or removed from the investment.

After one year, he has $164.80. What is the simple percent interest per year?
Mathematics
2 answers:
Step2247 [10]2 years ago
8 0

Answer:

The answer is 3%

Step-by-step explanation:

1.) $160 divided by $164.80 = 1.03

2.) 1.03 x 100 = 103

3.) 103 - 100 = 3

4.) 164.80 - 160 = 4.80

5.) 4.80 divided by 160 = 0.03

6.) 0.03 x 100 = <em>3%</em>

natita [175]2 years ago
6 0
Answer: 1.03% Explanation: Divide the amount of money after 1 year by his original investment.
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