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Mica opened a bank account that earns simple interest with an initial deposit of 2200. She made no other transactions throughout the year. At the end of the year make ahead $2260.50 in her account. What
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Mica opened a bank account that earns simple interest with an initial deposit of 2200. She made no other transactions throughout the year. At the end of the year make ahead $2260.50 in her account. What was the simple interest rate?

User Anton Gorbunov
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Luckly i still have my notes and the answer was about 3.1%. I hope this helped.
User Bsmarcosj
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