Happylove21 Happylove21
  • 03-03-2022
  • Mathematics
contestada

After 1 year, $10,000 deposited in a savings account with simple interest had earned
$700 in interest. What was the interest rate?

Respuesta :

jeremiahmandukic
jeremiahmandukic jeremiahmandukic
  • 03-03-2022
7%

$10,000 • .07 = $700
Answer Link
kalana54 kalana54
  • 03-03-2022

Step-by-step explanation:

12x × 10,000 = 700

x = 700 ÷ (12 × 10,000)

x = 700 ÷ 12,000

x = 0.58%

Answer Link

Otras preguntas

I NEED HELP Check all the equations. 8 = j – 4 the quotient of a number and two k + 46 Twelve is the sum of a number and six. 30y 5x = 45
Much of Russia's international power and influence comes from: A. the oil and natural gas it supplies to other countries. B. its commitment to protecting freedo
__is the process of making some decisions about what the information in a text means
5k - 9 - 2k + 3 = 3k - 6
What is the cellular Structures present in all living cells
what is the common ratio of 4,8,16,32
can u help me with this question?
Gas mileage is the number of miles you can drive on a gallon of gasoline. A test of a new car results in 460 miles o. 20 gallons of gas. How far could you drive
Enter the number that makes the equation true
I need a quote from Chapter 3 of the book Night by Elie Wiesel and a response about the quote