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Jim earned $20 of interest on a $4000 deposit that was left in the bank for 9 months. What was the interest rate?

Jim earned $20 of interest on a $4000 deposit that was left in the bank for 9 months. What was the interest rate?
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1 vote
Jim earned $20 of interest on a $4000 deposit that was left in the bank for 9 months. What was the interest rate?

asked
User Dinnouti
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7.9k points

1 Answer

4 votes
The answer for this problem is 200 dollars a month
answered
User James Chen
by
8.4k points
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