aestheticcloudy61 aestheticcloudy61

23-04-2022
Mathematics

contestada

What is the interest rate if
$7200 is invested for 2 years and
earns $855?

Respuesta :

Aliwohaish12 Aliwohaish12

23-04-2022

Answer:

5.94%

Step-by-step explanation:
Interest earned=amount invested ×time×interest rate

855=7200×2×interest rate
Interest rate=855/(7200×2)
Interest rate= 0.0594×100=5.94%

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