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You deposit $400 in an account. The account earns $72 simple interest in 6 years. What is the annual interest rate?

You deposit $400 in an account. The account earns $72 simple interest in 6 years. What is the annual interest rate?
asked 101k views
24 votes
You deposit $400 in an account. The account earns $72 simple interest in 6 years. What is the annual interest rate?

asked
User Quilt
by
7.9k points

2 Answers

9 votes

Answer:

3%

Explanation:

I know this becaus the teacher helped me

answered
User Draysams
by
8.3k points
7 votes

Answer:

3% annually

Explanation:

answered
User Snapshoe
by
7.6k points
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