HannahDate27 HannahDate27

23-03-2022
Mathematics

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After 1 year, $50,000 deposited in a savings account with simple interest had earned $4,000 in interest. What was the interest rate? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

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crt10789 crt10789

23-03-2022

Answer:

the interest rate should be 8% let me know if u want me to explain it

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