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A deposit of $3000 becomes $3810 after 6 years. What is the simple interest rate on the account?
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A deposit of $3000 becomes $3810 after 6 years. What is the simple interest rate on the account?
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Apr 10, 2018
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A deposit of $3000 becomes $3810 after 6 years. What is the simple interest rate on the account?
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Alexloh
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3810-3000 = 810
810/6 = 135
135/3000 = 0.045 = 4.5% interest rate
RWendi
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Apr 16, 2018
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RWendi
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