Question

ANSWER NOW PLZ IM TIMED

Jim put $5,000 in a savings account. At the end of a year
the account had earned $400 in interest. What was the
yearly interest rate of the account?
A 7.0%
B15.5%
C16.5%
D8.0%

Answer 1

D

Explanation:

Answer 2

(D.) 8%

Explanation:

(7% of 5,000) ÷ 1 = 350

(15.5% of 5,000) ÷ 1 = 775

(16.5% of 5,000) ÷ 1 = 825

(8% of 5,000) ÷ 1 = 400