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Jessica deposited $5000 in a simple interest account 4 years ago. She has earned $680 in interest so far. What is the interest rate for this account?

Jessica deposited $5000 in a simple interest account 4 years ago. She has earned $680 in interest so far. What is the interest rate for this account?
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22 votes
Jessica deposited $5000 in a simple interest account 4 years ago. She has earned $680 in interest so far. What is the interest rate for this account?

User Mahdi Sheibak
by
7.3k points

1 Answer

11 votes

Answer:

$170

Explanation:

every year she got $170 interested

User Chelmertz
by
8.0k points
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