Mika invested $200 into a certificate of deposit. After 6 months, the balance was $220. What was the interest rate on the deposit?
I = prt
20 = (200) (r) (0.5)
A. 10%
B. 20%
C. 40%
D. 50%
+2
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Home » Mathematics » Mika invested $200 into a certificate of deposit. After 6 months, the balance was $220. What was the interest rate on the deposit? I = prt 20 = (200) (r) (0.5) A. 10% B. 20% C. 40% D. 50%