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14 November, 00:47

Jack deposited $1,400 in his bank account. After 3 years, the account earned

$294 in interest. Find the simple

interest rate.

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Answers (1)
  1. 14 November, 04:27
    0
    his intrest rate is 7%

    Step-by-step explanation:

    294/1400=0.21

    0.21/3 years = 0.07

    0.07=7%

    1400*0.07=98

    98*3 years = 294
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