AcaciaQueen123 AcaciaQueen123

11-10-2016
Mathematics

Answered

Sean deposited $200 into an account, and earned $36 in interest after 3 years.

Use the formula 'I=prt' where 'I' represents simple interest,'p' represents principal,'r' represents interest rate, and 't' represents time in years.

What is the interest rate?

A.0.06

B.0.6

C.6.0

D60

Verified Answer :

billsinparis billsinparis

11-10-2016

1. I=prt

36 = 200 x r x 3

36 = 600r

r = 36/600

r = 0.06

r = 6%

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