asked 11.4k views
5 votes
sean deposited $200 into an account and earned $36 in interest after 3 years. Use the formula l=prt,where l represents simple interest,p represents principal,r represents interest rate,t represents time in years. what is the interest rate

1 Answer

3 votes
the answer to your problem is R=4% /year
answered
User Gerges Eid
by
7.7k points
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