asked 79.4k views
2 votes
Tammi deposited $520 into a bank account that earned simple interest each year. After 5 years, she had earned $156 in interest.

If no money was deposited into or withdrawn from the account, what was the annual interest rate?

can someone please tell me how to figure this out

asked
User Grekkq
by
8.1k points

2 Answers

6 votes

Answer:

The interest rate is 6.

answered
User Grzegorz Gajda
by
9.2k points
5 votes
not to be a whole but no idea just trying to get points
answered
User Charles Maresh
by
7.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.