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Amelia invests money in an account paying simple interest. She invests $100 and no money is added or removed from the investment. After one year, she has $101. What is the simple percent interest per year?
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Feb 18, 2023
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Amelia invests money in an account paying simple interest. She invests $100 and no money is added or removed from the investment. After one year, she has $101. What is the simple percent interest per year?
Mathematics
high-school
Paulcam
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Let's see
Principal=$100
Final=$101
Total interest earned=101-100=$1
Now
Interest rate=1/100Ă—100=1%
Mahboob
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Feb 20, 2023
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Answer:
Explanation:
Jitendra Nath
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Feb 23, 2023
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Jitendra Nath
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