Alexandram7761 Alexandram7761

04-05-2021
Mathematics

contestada

Derek deposited $3,000 in simple interest account 3years ago. He had earned $360 in interest so far. What is the interest rate for his account?

Respuesta :

drmallery drmallery

04-05-2021

Answer:

4%

Step-by-step explanation:

He earned 120/year (360/3-120)

determine interest rate

120/3000=.04 0r 4%

Answer Link

Otras preguntas

what is the main purpose of a thesaurus

What's the absolute value of-4/25

Why is the economic efficiency of market economies important?

how long would it take for a principal of $5700 to accumulate to $8000 if invested at interest rate of 9% compound monthly?

What was the difference between the ironclads, the Monitor, and the Merrimac? A)-The Merrimac included a revolving gun turret. B)-The Monitor included a revolvi

What is 37/9 as a mixed number in it simplest for

The sinking of the.......and germany

Which of the following locations is farther south? A. 36 degrees N/75 degrees W B. 25 degrees N/78 degrees W C. 25 degrees S/15 degrees E D. 45 degrees S/77 deg

Boxes are moved on a conveyer belt from where they are filled to the packing station 11.0 m away. The belt is initially stationary and must finish with zero spe

differences between the patriots and loyalists