Beth put $8,000 in a savings account. At the end of a year the account had earned $72 in interest. What was the yearly interest

Question

pshichka [43]

2 years ago

9

Beth put $8,000 in a savings account. At the end of a year the account had earned $72 in interest. What was the yearly interest

rate on the account?
Please help!!

Mathematics

1 answer:

EleoNora [17] · Answer 1 · 2023-03-01T19:02:22+03:00

EleoNora [17]2 years ago

5 0

The yearly interest rate is .90%
to get this you need p=r*b
percent is p
rate is 72 and the base is 8000
set it up as a fraction
72/8000=x/100
cross-multiply 72 by 100 and then divide by 8000