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Diana invested $3000 in a savings account for 3 years. She earned $450 in interest over that time period. What interest rate did she earn? Use the formula I=Prt to find your answer, where I is interest, P is principal, r is rate and t is time. Enter your solution in decimal form rounded to the nearest hundredth. For example, if your solution is 12%, you would enter 0.12.

User Ahmed Syed
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2 Answers

4 votes

Answer:

R=0.05

Explanation:

User Rio
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6 votes
R=i/pt
R=450÷(3,000×3)
R=0.05
User Heiflo
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