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You deposit $400 in an account . The account earns $ 16 simple interest in years . What is the annual interest rate? year
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You deposit $400 in an account . The account earns $ 16 simple interest in years . What is the annual interest rate? year

User Psychocryo
by
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1 Answer

1 vote

Answer:

The correct answer is 25.

Explanation:

deposit- 400

interest- 16

Rate= deposit divided by interest

400 divided by 16 = 25

User Yagnesh Agola
by
6.5k points
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