Register
Cindy made 40$ in interest by placing 200$ in a savings account with simple interest for 2 years. What is the interest rate?
130k views
1 vote
Cindy made 40$ in interest by placing 200$ in a savings account with simple interest for 2 years. What is the interest rate?

User Vilhalmer
by
6.4k points

1 Answer

6 votes

Answer:

The interest rate is 10 percent

$20*2=$40


User Michael Sims
by
5.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.5m questions

8.7m answers

Other Questions

What is the least common denominator of the four fractions 20 7/10 20 3/4 18 9/10 20 18/25
What is 0.12 expressed as a fraction in simplest form
Solve using square root or factoring method plz help!!!!.....must click on pic to see the whole problem
What is the initial value and what does it represent? $4, the cost per item $4, the cost of the catalog $6, the cost per item $6, the cost of the catalog?
What is distributive property ?
Link Copied!