keeganwade keeganwade
  • 04-01-2021
  • Mathematics
contestada

Scarlet deposited $500 in a savings account with simple interest. One year later she had earned $30 in interest. What was the interest rate?

Respuesta :

clarch19
clarch19 clarch19
  • 04-01-2021

Answer:

6%

Step-by-step explanation:

Interest = Principal x Rate x Time (in years)

30 = 500r

r = 3/50 or 6/100 which is 6%

Answer Link

Otras preguntas

Simplify the Absolute value of 120+x , if x<−120
Why did African Americans and Mexican Americans have an especially difficult time during the Great Depression
I’m stuck on this please someone help
The length of each side of the square is represented by x-2 and the perimeter is 48 inches
The price of a $250 cost increased by 7% last year. The coat is now on sale for one half off. What is the sale price
BRUTUS. It must be by his death: and for my part I know no personal cause to spurn at him But for the general. He would be crowned: How that might change his n
12(7)(4)+6(5)= Evaluate the Expression
Do pollen grains have the same number of chromosomes as a regular plant cell?
write a story about a character who undergoes a change
what are parell lines