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18 August, 20:37

Maria earned $126 in simple interest from her savings account. If she invested $450 for 7 years, what was the interest rate?

4%

4.5%

3.5%

5%

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Answers (2)
  1. 18 August, 20:53
    0
    4% will be the answer
  2. 18 August, 21:31
    0
    Answer is 4%

    450 * 7 * i = 126

    3150 i = 126

    i = 126/3150

    i = 0.04

    0.04 = 4%
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