Dearrisclark200717go Dearrisclark200717go

Mathematics

Answered

Darius deposits $600 into a simple interest rate after a year the account balance will be $615 what is the interest rate?

Answer :

Mhanifago Mhanifago

Answer:

2.5%

Step-by-step explanation:

Deposit = $600
Time = 1 year
Balance after a year = $615

Interest amount is:

$615 - $600 = $15

Interest rate is:

15/600*100% = 2.5%

Answer Link

Javierpantoja513go Javierpantoja513go

Answer: the guy above me is right its 2.5%

Step-by-step explanation: 15/600 = 2.5/10

Answer Link

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