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

g(x)=-3^2+4x-2 find g(1)
What does religion teach us in our life.
Which term describes a company that gains a larger market share by taking over similar companies? A pure conglomerate merger B vertical merger C horizontal merg
i ___(have) never been here before
Who was present for the constitution.
What did i do wrong? ​
List the steps, in order, when designing and building a bike:
A coast embayed with numerous estuaries is likely to be ________. a shoreline of submergence a shoreline of emergence a compound shoreline a natural shoreline a
Landscape paintings are virtually unknown outside European art. True False
An equation is shown below: 4(x - 3) - 5(x + 1) = 3 Which statement shows a correct next step in solving the equation?