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Jack deposited $1,400 in his bank account. After 3 years, the account is worth $1,694. Find the simple interest rate the account earned. A. 5% B. 8% C. 7.25% D. 7%
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Jack deposited $1,400 in his bank account. After 3 years, the account is worth $1,694. Find the simple interest rate the account earned.

A. 5% B. 8%
C. 7.25% D. 7%

User Dpedrinha
by
2.3k points

1 Answer

27 votes
27 votes

Answer:

D. 7%

Explanation:

User Rajesh Maurya
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