Question
Sam has a savings account that increased in value over a twelve month period from $8765.00 to $9006.06. He made no deposits or withdrwals in that time. What percent interest did he receive for the 12 month period?
Answers
Ms. Sue
9,006.06 - 8765 = 241.06
It increased $241.06. What do you think you should do with these figures to get a percent interest rate between 1 and 5 percent?
It increased $241.06. What do you think you should do with these figures to get a percent interest rate between 1 and 5 percent?