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Angelica is deciding which bank would give her the best simple interest rate on a $300 deposit. One bank says she will have $320 in her account if she leaves the principal for 2 years. Is this enough information for Angelica to find the interest rate?

PLEASE HELP

2 Answers

7 votes

Answer: No

Explanation:

You'll need to know what the second bank will do before deciding.

User Chizaram Igolo
by
4.3k points
5 votes

Answer: No. I don't believe that is enough information.

Explanation:

User Katucha
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3.6k points