Alexandram7761 Alexandram7761
  • 04-05-2021
  • Mathematics
contestada

Derek deposited $3,000 in simple interest account 3years ago. He had earned $360 in interest so far. What is the interest rate for his account?

Respuesta :

drmallery drmallery
  • 04-05-2021

Answer:

4%

Step-by-step explanation:

He earned 120/year (360/3-120)

determine interest rate

120/3000=.04 0r 4%

Answer Link

Otras preguntas

the perimeter of triangle rxa is 24. if rx= 4 and ra= 11, find xp and pa
When past memories are lost either for minutes or several years, the individual probably has ____ amnesia.?
a(3x-8)=b-18x what is a value? what is b value?
1 Define the term cliche 2 Use a cliche in a sentence
The family-focused lifestyle of retirement revolves around home, family, and companions, whereas balanced investment also focuses on _____ and leisure.
What theme is implied in Act V when Cassius misunderstands what happens to Titinius? One should immediately give into one’s emotions and disregard logic. One sh
A stanza of a poem is most closely related to what part of a story? A word A sentence A paragraph A page
The bodies of multicellular fungi are made of long strands called
Help me with #2 and #3 please
What are the key characteristics of the Indus seals?