Maria earned $126 in simple interest from her savings account. If she invested $450 for 7 years, what was the interest rate?

4%

4.5%

3.5%

5%

Question

Kelsey Zavala

Today, 02:01

+3

Answers (2)

Know the Answer?

Iliana Lowery · Answer 1

Answer is 4%

450 * 7 * i = 126

3150 i = 126

i = 126/3150

i = 0.04

0.04 = 4%

Konnor Roberson · Answer 2

4% will be the answer

Maria earned $126 in simple interest from her savings account. If she invested $450 for 7 years, what was the interest rate?4%4.5%3.5%5%