Jack deposited $1,400 in his bank account. After 3 years, the account is worth $1,694. Find the simple interest rate the account earned.
A. 5% B. 8%
C. 7.25% D. 7%

Question

04-01-2022
Mathematics

Answered

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Jack deposited $1,400 in his bank account. After 3 years, the account is worth $1,694. Find the simple interest rate the account earned.
A. 5% B. 8%
C. 7.25% D. 7%

Sagot :

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