68.2k views
3 votes
Bella has an initial deposit of $1500. After 4 years, she now has $1716. What is the interest rate?

User CJ Cullen
by
4.6k points

1 Answer

0 votes
The interest rate is $54 because it went up $216 in 4 years and 216 divided by 4 is 54.
User Vinterwoo
by
4.4k points