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vroberson1210
vroberson1210 vroberson1210
  • 09-12-2016
  • Mathematics
Answered

HELP ASAP PLEASE!!!


In the past 3 years, Hannah’s savings account has earned $90 in interest. She initially deposited $600. What simple annual interest rate is the bank paying on this account?


A2.7%
B3.5%
C4.0%
D5.0%

Verified Answer :

99samhad045434 99samhad045434
  • 09-12-2016

It is D. 5.0% The formula for simple interest is I=Prt 
I is interest, p is amount originally deposited, r is the rate, and t is time. 

Answer Link
Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 09-12-2016

I=prt ,,90=6003r,,,,90=1800r,,r=0.05100,,r=5%

Answer Link

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