Question

Abraham currently has a balance of $3,075.21 in an account he has held for 13 years. He

opened the account with an initial deposit of $2,152. What is the simple interest rate on the
account?
2.3%
7.7%
3.3%
11.0%

Answer 1

the answer is letter c

Explanation:

Answer 2

Answer: 3.3%

Explanation:

Amount = prt / 100

3075.21 = (2152 x r x 13)/100