If you invest $360.00 and your annual interest is $54, what is the interest rate? %?

asked May 20, 2024 96.4k views

2 votes

If you invest $360.00 and your annual interest is $54, what is the interest rate?
%?

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3 votes

360x= 54

x is your interest rate

Solve for x

360x/360 = 54/360

x=0.15%

Nelaaro answered May 23, 2024

7.2k points

3 votes

The answer is 15% your welcome

Nickmancol answered May 25, 2024

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