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Yehudy invested $19,250 in a simple interest account. After 6 years and no additional deposits or withdrawals, the account balance was $22,957.55. Find the interest rate for the account. Round to the nearest
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Sep 24, 2023
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Yehudy invested $19,250 in a simple interest account. After 6 years and no additional deposits or withdrawals, the account balance was $22,957.55. Find the interest rate for the account. Round to the nearest hundredth of a percent if needed.
Mathematics
high-school
Prateek Mishra
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Roman Kolesnikov
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Sep 26, 2023
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Roman Kolesnikov
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answer: 3.21%
step by step explanation:
interest = (1/t)(A/P - 1)
Brent Dillingham
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Sep 30, 2023
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Brent Dillingham
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