3 years ago

Tammi deposited $520 into a bank account that earned simple interest each year. After 5 years, she had earned $156 in interest.

Mathematics

2 answers:

seropon [69]3 years ago

7 0

Answer:

6 percent

Step-by-step explanation:

Interest =1 Part

156 = 520(annual rate )(5)

156 = 2600(annual interest rate )

annual rate=156/2600

annual interest rate = 0.06

annual interest rate=0.06*100

annual interest rate =6%

Sveta_85 [38]3 years ago

6 0

Answer:

Step-by-step explanation:

Interest = Principal * rate * time

156 = 520(r)(5)

156 = 2600r

r = 0.06 or 6%

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