ok sam has a savings account that increased in value over a twelve month period from 8765.00 to 9006.04. he made no deposits or withdreals in that time. what percent intrest did he receive for the 12 month period? HOw to i figure that out??

Answer 1

9006.04 - 8765.00 = 241.04 total interest

241.04 / 8765 = ?

Multiply that decimal answer by 100 to find the percentage.

Answer 2

2.75