Asked by RILEY
Owen deposited $900 in a savings account with simple interest. Two years later, he had earned $144 in interest. What was the interest rate?
Answers
Answered by
Ms. Sue
I = PRT
144 = 900 * R * 2
144 = 1800R
144/1800 = R
Multiply the decimal answer by 100 to get the percentage.
144 = 900 * R * 2
144 = 1800R
144/1800 = R
Multiply the decimal answer by 100 to get the percentage.
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