Ask Question
Today, 01:47

Five years ago, Ruth made a deposit of $500 into a savings account that pays simple interest. She made no further deposits, and now her account is worth $750. What was the rate of interest per year?

+3
Answers (1)
  1. Today, 02:11
    0
    The answer would be $50 per year.

    $750-$500=$250

    $250/5 years = $50 per year.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Five years ago, Ruth made a deposit of $500 into a savings account that pays simple interest. She made no further deposits, and now her ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers