oliviaknapczyk oliviaknapczyk

12-02-2021
Mathematics

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After 1 year, $600 deposited in a savings account with simple interest had earned $84 in interest. What was the interest rate?

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frogman2300frog frogman2300frog

13-02-2021

Answer:

14%

Step-by-step explanation:

For this question you need to find out what percent 84 is of 600,

If ony $100 was deposited, then $84 would equal 84%.

If $200 was deposited, then $84 would be 42% which is half of 84, and so on...

So $84 is 14% of $600 becuase 84 divided by 6 is 14.

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