Register
Giselle deposited $3500 into a savings account for which simple interest is calculated monthly. If her $3500 grew to $3514 after 1 month, what is the yearly interest rate on Giselle's account? O A. 0.4%
131k views
1 vote
Giselle deposited $3500 into a savings account for which simple interest is

calculated monthly. If her $3500 grew to $3514 after 1 month, what is the
yearly interest rate on Giselle's account?
O A. 0.4%
OB. 0.48%
O C. 4.8%
O D. 4%
SUBMIT

User Nitty
by
6.6k points

2 Answers

5 votes
The answer is C 4.8%
User Kenshinman
by
6.8k points
5 votes
It wouls be C since its property portions
User Firzok Nadeem
by
7.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.5m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!