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21. Mike deposited $700 in his savings account and it earned $39.90 in simple interest over 3 years. Find the simple interest rate on Mike's savings account. a: 1.9% b. $837.90 c. 17% d. 5.85%​
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21. Mike deposited $700 in his savings account and it earned $39.90 in simple interest over 3 years. Find the simple

interest rate on Mike's savings account.
a: 1.9%
b. $837.90
c. 17%
d. 5.85%​

User Romer
by
8.4k points

2 Answers

1 vote
d. 5.85%

700/39.90=17.54
17.54/3=5.85%
User MarcF
by
7.4k points
4 votes

Answer:

Es la B

Explanation:

User Bader
by
7.7k points
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