Question

Math:

Kim deposited $1,422 into a savings account. After 5 years, she had a total of $1,635.30 in her account. What is the interest rate?

Answer 1

The person above is correct because if you take the original amount Kim had and subtract that from the amount currently there you get 213.30 and you take that and divide that by 5 because of the 5 years you get
42.66%

Answer 2

42.66%

Explanation:

subtract the amount of money from after and before: 1,635.30 - 1,422 = 213.3

divide the amount of money gained by the years: 213.3/5 = 42.66