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7. Malik deposited $1,050 in a savings account, and it earned $241.50 in simple interest after four years. Find the interest rate on Malik's savings account. I got 5.75 on a website but I need to show
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7. Malik deposited

$1,050 in a savings
account, and it earned
$241.50 in simple
interest after four years.
Find the interest rate on
Malik's savings account.
I got 5.75 on a website but I need to show my work SOMEONE PLEASE HELP ME!

User Morepork
by
8.0k points

1 Answer

2 votes
$352,590 is the interest rate on Malik’s savings account for four years
User Steven P
by
8.1k points
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