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Phantasy [73]
3 years ago
10

Two years ago Sarah put money in a simple interest account that earned

Mathematics
1 answer:
oee [108]3 years ago
6 0

Answer:

<u>7000</u>

We have: I = P × R × T / 100

Here, I = 980

P = 7000

T = 8

Substitute their values into the expression:

980 = 7000 × R × 8 / 100

R = 980 × 100 / 7000 × 8

R = 98000 / 56000

R = 1.75%

In short, Your Answer would be 1.75%

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