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29 June, 10:28

Troy Ulman received his annual savings account statement, showing $78.75 in interest. If his savings account balance was $2,100 at the beginning of the year, what is his annual interest rate?

3%

0.03%

0.375%

3.75%

+1
Answers (1)
  1. 29 June, 11:18
    0
    Answer is 3.75%

    3.75% = 0.0375

    0.0375 + $2,100 = $78.75
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