Bonnie made $2,700 in interest by placing $30,000 in a savings account with simple interest for 3 years. What was the interest rate?

Guigouz asked Sep 15, 2023

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29 votes

Bonnie made $2,700 in interest by placing $30,000 in a savings

account with simple interest for 3 years. What was the interest rate?

Guigouz asked Sep 15, 2023

2.9k points

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15 votes

Answer: 35 is the answer

Explanation:

30000*x*3=2700

3*30000

90000*x=2700

2700/90000=0.3

.03=3%

to check it

30000*0.3*3=2700

Duffp answered Sep 20, 2023

by Duffp

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