Terry deposit of $520 into your bank account that run simple interest each year after five years she had earned $156 in interest if no money was deposited into or withdrawn from the account what was the annual interest rate

Question

Mathematics

Zachariah

29 September, 07:01

Terry deposit of $520 into your bank account that run simple interest each year after five years she had earned $156 in interest if no money was deposited into or withdrawn from the account what was the annual interest rate

+4

Answers (1)

Know the Answer?

Shyla Mckay · Answer 1

If Terry earned $156 after five years, divide 156 by 5 to see how much Terry earned annually each year. Do this and you should get $31.20 dollars each year.