Question

Need help with intreset

Isabella made $154 in interest by placing $700 in a savings account with simple interest for 2 years. What was the interest rate?

Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Answer 1

11%/ 0.11

Explanation:

I=prt

154=700*x*2

154=1400x

divide 1400 by both sides

=0.11

or 11%