Question

Darius deposits $600 into a simple interest rate after a year the account balance will be $615 what is the interest rate?​

Answer 1

Answer: the guy above me is right its 2.5%

Step-by-step explanation: 15/600 = 2.5/10

Answer 2

• 2.5%

Explanation:

• Deposit = $600
• Time = 1 year
• Balance after a year = $615

Interest amount is:

• $615 - $600 = $15

Interest rate is:

• 15/600*100% = 2.5%