Simon invested $1550 at 6.5% interest. He earned $302.25 interest at the end of t years. What is the value of t? A. 1 B. 3 C. 6 D. 9

Second Question

Lily invested $750 in a savings account and earned $225 in interest at the end of 5 years.

What was the interest rate?

A.

5%

B.

5.5%

C.

6%

D.

6.5%

Question

Cedric Wiley

30 November, 21:22

+2

Answers (1)

Know the Answer?

Lauren Lane · Answer 1

The answer is C 6%

R = I/p*t

R = 225/750*5

R = 225/3750

R = 0.06 - - - > 6%

Simon invested $1550 at 6.5% interest. He earned $302.25 interest at the end of t years. What is the value of t? A. 1 B. 3 C. 6 D. 9Second QuestionLily invested $750 in a savings account and earned $225 in interest at the end of 5 years.What was the interest rate?A.5%B.5.5%C.6%D.6.5%