After 2 years, $700 deposited in a savings account with simple interest had earned $98 in interest. What was the interest rate? (Answer quickly please!!)

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asked Apr 1, 2018 41.1k views

4 votes

After 2 years, $700 deposited in a savings account with simple interest had earned $98 in interest. What was the interest rate?

(Answer quickly please!!)

Mathematics
high-school

Elis Byberi asked

by Elis Byberi

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1 Answer

6 votes

14% rate

hope this helped :)

Arcayne answered Apr 7, 2018

by Arcayne

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