Ask Question
29 September, 20:14

21. Mike deposited $700 in his savings account and it earned $39.90 in simple interest over 3 years. Find the simple

interest rate on Mike's savings account.

a: 1.9%

b. $837.90

c. 17%

d. 5.85%

+1
Answers (2)
  1. 29 September, 22:42
    0
    D. 5.85%

    700/39.90=17.54

    17.54/3=5.85%
  2. 29 September, 23:25
    0
    Es la B
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “21. Mike deposited $700 in his savings account and it earned $39.90 in simple interest over 3 years. Find the simple interest rate on ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers