Question

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

Answer 1

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%