Register

Jennifer made $72 in interest by placing $600 in a savings account with simple interest for 1 year. What was the interest rate?

Jennifer made $72 in interest by placing $600 in a savings account with simple interest for 1 year. What was the interest rate?
asked 130k views
5 votes
Jennifer made $72 in interest by placing $600 in a savings account with simple interest for 1 year. What was the interest rate?

asked
User Chavi
by
7.9k points

1 Answer

3 votes

600(1+(r x 1)) - 600=72

600(1+r)=672

1 +r = 672/600

r = (672/600)-1

r= 3/25

answered
User Aurelian Cotuna
by
8.2k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!