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Sean deposited $200 into an account and earned $36 in interest after 3 years. Use the formula l=prt,where l represents simple interest,p represents principal,r represents intere…

Sean deposited $200 into an account and earned $36 in interest after 3 years. Use the formula l=prt,where l represents simple interest,p represents principal,r represents intere…
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sean deposited $200 into an account and earned $36 in interest after 3 years. Use the formula l=prt,where l represents simple interest,p represents principal,r represents interest rate,t represents time in years. what is the interest rate

User Gooberboobbutt
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1 Answer

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the answer to your problem is R=4% /year
User Gerges Eid
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