3 (7500 r) = 900
7500 r = 300
r = .04 or 4%
Hassan deposited $7,500 into a bank account. At the end of 3 years, the account had earned $900 in simple interest. What rate of interest did the account earn per year?
5 answers
Thanks sooo much Damon! :P
You are welcome.
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thank you so much this helped me a lot.