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Maria earned 126 in simple interest from her savings account. If she invested 450 for 7 years, what was the inrest rate?

Maria earned 126 in simple interest from her savings account. If she invested 450 for 7 years, what was the inrest rate?
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1 vote
Maria earned 126 in simple interest from her savings account. If she invested 450 for 7 years, what was the inrest rate?

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User Pbojinov
by
8.0k points

1 Answer

2 votes

Answer: 4%


Step-by-step explanation: 450 * 7 * i = 126

3150 i = 126

i = 126/3150

i = 0.04


0.04 = 4%



answered
User PrGD
by
8.1k points
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