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Evan opened a savings account and deposited $125. After 6 months, there was $126.25 in the account. What is the annual simple interest rate on the account? A 1% B. 1.25% o C. 2%…

Evan opened a savings account and deposited $125. After 6 months, there was $126.25 in the account. What is the annual simple interest rate on the account? A 1% B. 1.25% o C. 2%…
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Evan opened a savings account and deposited $125. After 6 months, there was

$126.25 in the account. What is the annual simple interest rate on the account?
A 1%
B. 1.25%
o
C. 2%
D. 2.25%
Item #68670

Evan opened a savings account and deposited $125. After 6 months, there was $126.25 in-example-1
User JongHyeon Yeo
by
7.8k points

1 Answer

7 votes

Answer:

b

Explanation:

User Furqan Asghar
by
7.5k points
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