keeganwade keeganwade
  • 04-01-2021
  • Mathematics
contestada

Scarlet deposited $500 in a savings account with simple interest. One year later she had earned $30 in interest. What was the interest rate?

Respuesta :

clarch19
clarch19 clarch19
  • 04-01-2021

Answer:

6%

Step-by-step explanation:

Interest = Principal x Rate x Time (in years)

30 = 500r

r = 3/50 or 6/100 which is 6%

Answer Link

Otras preguntas

Fill in the blanks with appropriate collective noun (audience, swarm, set, troupe, pack, jury) 1. A _______ of bees attacked me when I threw a stone at the beeh
Need answer asap, will give brainliest.
Plz help!!!!! Image multiple choice
WILL GIVE BRAINLIEST
Solve the inequality p/5 < -3
hmm, i dont know how to do this
There are 396 students who are enrolled in an introductory biology course. If there are five boys to every four girls, how many boys are in the course?
The reciprocal of 1/2
if the probability of passing a driving test is 0.9,what is the probability of failing the driving test
Need answer asap, correct answer gets brainliest.