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16 August, 05:49

Abraham currently has a balance of $3,075.21 in an account he has held for 13 years. He

opened the account with an initial deposit of $2,152. What is the simple interest rate on the

account?

2.3%

7.7%

3.3%

11.0%

+1
Answers (1)
  1. 16 August, 06:59
    0
    Answer: 3.3%

    Step-by-step explanation:

    Amount = prt / 100

    3075.21 = (2152 x r x 13) / 100
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