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Mika opened a bank account that earns simple interest with an initial deposit of $2,200. She made no other transactions throughout the year. At the end of the year, Mika had $2,260.50 in her account. What
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Mika opened a bank account that earns simple interest with an initial deposit of $2,200.

She made no other transactions throughout the year. At the end of the year, Mika had $2,260.50 in her account.
What was the simple interest rate?

User Maltalef
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Answer:2.75

Explanation:

User Nidkil
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