Tammi deposited $520 into a bank account that earned simple interest each year. After 5 years, she had earned $156 in interest.

No money was deposited into or withdrawn from the account.

What was the annual interest rate?

Enter your answer in the box

Respuesta :

Answer:

6%

Step-by-step explanation:

$156/5 years = $31.20 per year

$31.20/$520 = .06

.06 x 100 = 6%

Answer:

The first answer is correct and I have proof

Step-by-step explanation:

Ver imagen camprod12

Otras preguntas