BillieBillie1218 BillieBillie1218

15-12-2020
Mathematics

contestada

Jayden deposited $7100 in a savings account with simple interest. Three months later, the account held $7,259.75. what was the interest rate?

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helpfulpanda1 helpfulpanda1

15-12-2020

Answer:

Step-by-step explanation:

7259.75 - 7100 = 159.75

he earned 159.75 in interest

159.75/ 7100= .0225

and if you convert that to percentages then its 2.25%

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