Mathematics, 05.05.2020 02:31 ineedhelp2285

After 1 year, $300 deposited in a savings account with simple interest had earned $12 in
interest. What was the interest rate?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount),
is the interest rate expressed as a decimal, and t is the time in years.

After 1 year, $300 deposited in a savings account with simple interest had earned $12 in interest. W

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After 1 year, $300 deposited in a savings account with simple interest had earned $12 in interest. What was the interest rate? Use the formula i = prt, where i is the interest earned, p is the principal (starting amount), is the interest rate expressed as a decimal, and t is the time in years.

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Another question on Mathematics

After 1 year, $300 deposited in a savings account with simple interest had earned $12 in
interest. What was the interest rate?
Use the formula i = prt, where i is the interest earned, p is the principal (starting amount),
is the interest rate expressed as a decimal, and t is the time in years.