Asked by Stephen

Ranee keeps £360 in a savings account for a year. At the end of the year she gets £13.50 in interest.Work out the interest rate on the account.Give your answer as a percentage. What's the answer guys and girls

Answered by Ms. Sue
Can men and women answer this question for you?

Answered by Stephen
yes
Answered by Ms. Sue
:-)

I = PRT

13.5 = 360R

13.5 / 360 = R

0.0375 = 3.75%

Answered by Stephen
thanks so the answer is 3.75%
Answered by Ms. Sue
Yes and you're welcome.
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