lgedinms2026 lgedinms2026

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Mathematics

Answered

Jaden puts $55 into a savings account. If he has $57.75 at the end of a year, what was the simple interest rate?

Answer :

drmallery drmallery

Today at 5:31 AM

Answer:

5%

Step-by-step explanation:

57.75-55=2.75 interest earned

principal x interest rate =interest

55 x interest rate =2.75

interest rate=2.75/55

interest rate =.05 or 5%

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