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Nathan Perez earned $220 in simple interest in 9 months. What is his account's annual interest rate if he deposited $4,000?

Nathan Perez earned $220 in simple interest in 9 months. What is his account's annual interest rate if he deposited $4,000?
asked 108k views
3 votes
Nathan Perez earned $220 in simple interest in 9 months.

What is his account's annual interest rate if he deposited $4,000?

asked
User T D
by
8.1k points

1 Answer

6 votes

Explanation:

Doing all that multiplying gives us a simple interest of $65.75

answered
User Jonny Heggheim
by
8.3k points
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