After 2 years, $300 deposited in a savings account with simple interest had earned $24 in
inte...
Mathematics, 05.05.2020 01:08 villarrealc1987
After 2 years, $300 deposited in a savings account with simple interest had earned $24 in
interest. What was the interest rate?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r
is the interest rate expressed as a decimal, and t is the time in years.
Answers: 1
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