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Solve You deposit $2000 in an account. The account earns $120 simple interest in 2 years. What is the annual interest rate? I=120 p=2000 I=prt I=20000 = t=2
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38 votes
Solve

You deposit $2000 in an account. The account earns $120 simple
interest in 2 years. What is the annual interest rate?
I=120
p=2000
I=prt
I=20000
=
t=2

User Jay Otterbein
by
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1 Answer

5 votes
5 votes
It is $160 you’re welcome
User Stepthom
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