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29 June, 16:21

21. Mike deposited $700 in his savings account and it earned $39.90 in simple interest over 3 years. Find the simple

interest rate on Mike's savings account.

a: 1.9%

b. $837.90

c. 17%

d. 5.85%

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Answers (2)
  1. 29 June, 17:11
    0
    Es la B
  2. 29 June, 17:23
    0
    D. 5.85%

    700/39.90=17.54

    17.54/3=5.85%
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