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

Question

asked Feb 18, 2021 27.2k views

1 Answer

Travis Su · Answer 1 · 2021-02-22T12:29:25+0000

Answer:

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%