lgedinms2026 lgedinms2026
  • 14-06-2021
  • Mathematics
contestada

Jaden puts $55 into a savings account. If he has $57.75 at the end of a year, what was the simple interest rate?

Respuesta :

drmallery drmallery
  • 14-06-2021

Answer:

5%

Step-by-step explanation:

57.75-55=2.75 interest earned

principal x interest rate =interest

55 x interest rate =2.75

interest rate=2.75/55

interest rate =.05 or 5%

Answer Link

Otras preguntas

If i have 2.9liters of gas at a pressure of 5 atm and a temperature of 50 what will be the temperature of the gas if i decrease the volume of the gas to 2.4 lit
-5(4x - 2) = -2(3 + 6x)
what is 1 plus 1 (I know it I just want you to get points ​
The _____ performance management method requires managers to rate the frequency with which an employee has exhibited a behavior during a rating period. A. beha
Re-order Paragraphs Question BankGuide Line Official Guide (Lauren Kennedy, 2012) A. Daoud subsequently deposed the king and proclaimed a republic in 1973. B. A
Why is monotheism important to Roman culture
name the vacant path a saw leaves going through wood
y+7=10 what is the answer to that
Please helpASAP Thanks
How is "kinship" different from a purely genealogical/biological reckoning of relationships between people?