Autumnalf Autumnalf

18-10-2018
Mathematics

contestada

Ava deposited $6,008 in a savings account with simple interest. Four years later, the account held $7,449.92. What was the interest rate?

Respuesta :

harmonpotatop0srh7 harmonpotatop0srh7

22-10-2018

Answer: 6% a year

Step-by-step explanation:

r = 1441.92 / ( 6008 × 4 ) = 0.06

r = 0.06

convert your rate into a percentage

R = 0.06 * 100 = 6%/year

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