Math, asked by joshimahendrag28, 3 months ago

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

Answers

Answered by Greylight01

0

Answer:

4%

Step-by-step explanation:

360/3= 120, which is the annual earnings of the interest.

120/3000= 0.04 x 100= 4%

Previous Question

Next Question

Similar questions

History, 1 month ago

Buddhists made _______ which contained relics of Buddha.

Environmental Sciences, 1 month ago

What did Ramesh and Mehul miss about their dadu...

Math, 1 month ago

UR 4+ √5 4-ſ5 Simplify 4-5 4+ 5 + by rationalizing the denominator. 1 of longths 5 cm and 11 cm respec...

Science, 3 months ago

true or false = iron reacts vigorously with water...

Social Sciences, 3 months ago

variational principle is the basis for finite difference method or finite volume method or displacement method or weighted residual method?

Hindi, 9 months ago

Hindi letter on to repair street lights...

Math, 9 months ago

How was the maths exam friends of class 10?

English, 9 months ago

He said, i am much better now...