TrystinJ549501 TrystinJ549501
  • 28-10-2022
  • Mathematics
contestada

rick deposited $6200 in a savings account with simple interest. three years later, the account held $7130 what was the interest rate

Respuesta :

MulanL739798 MulanL739798
  • 28-10-2022

1) Gathering the data

P=$6200

F=7310

t= 3 yrs

2) Since it is a simple interest, it is a linear application. So we can find it using this formula:

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