Question

Leanne deposited $1500 into savings account for which simple interest is calculated quarterly if her $1500 grew to $1509 after 3 months what is the yearly interest rate on Leanne’s account

Answer 1

Hey there, the answer would be 0.24% because in one year she earned $36 so you need to divide it by 1500 and then multiply the result with 100!!!!!!



HOPE I HELPED!!!!!!!!

Answer 2

Leanne deposited $1500 into savings account for which simple interest is calculated quarterly if her $1500 grew to $1509 after 3 months what is the yearly interest rate on Leanne’s account
Answer: 2.4%

because u divide 9/375 = .024 then u just move the decimal 2 places over so it will look like this 2.4% then u just add your percentage.