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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%
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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%

User Andrea Sindico
by
3.4k points

2 Answers

3 votes

Answer:

the answer is letter c

Explanation:

User IAE
by
3.8k points
1 vote

Answer: 3.3%

Explanation:

Amount = prt / 100

3075.21 = (2152 x r x 13)/100

User Dan Dinu
by
3.5k points
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