tristankessler1 tristankessler1

13-04-2021
Mathematics

contestada

Michael deposited $2000 into a simple interest savings account. In eight years,
he has a total of $2520 in his account. What interest rate did the bank give
Michael when he opened his account?
a. 2.5%
b. 3.75%
C. 3.25%
d. 2.25%

Respuesta :

12792193 12792193

13-04-2021

Answer:

3.25%

Step-by-step explanation:

2520/2000=1.26

1.26-1=.26

.26/8=.0325

.0325*100=3.25%

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