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Alice earned interest of $120 from an investment of $1000 for two years. What is the rate of simple interest per year

Alice earned interest of $120 from an investment of $1000 for two years. What is the rate of simple interest per year
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Alice earned interest of $120 from an investment of $1000 for two years. What is the rate of simple interest per year

User Odomontois
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2 Answers

2 votes
.06 is your interest rate per year
User Burak Dede
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5 votes
it's 6% interest per year. 
User Sslepian
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