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Tess had $1,063.40 in a savings account with simple interest. She had opened the account with $1,040 just 3 months earlier. What was the interest rate?

Tess had $1,063.40 in a savings account with simple interest. She had opened the account with $1,040 just 3 months earlier. What was the interest rate?
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3 votes
Tess had $1,063.40 in a savings account with simple interest. She had opened the account with $1,040 just 3 months earlier. What was the interest rate?

asked
User Matej Ukmar
by
7.9k points

1 Answer

5 votes

i would be 7 dollars a monthly

answered
User Aleksey Gureiev
by
7.7k points
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