Malik deposited $1,050 in a savings account, and it earned $241.50 in simple interest after four years. find the interest rate on maliks savings account.

The interest rate on Malik's savings account is $5.75%.

Simple interest in interest that is earned only on the amount that is deposited and not on the interest and the amount deposited.

In order to determine the interest rate rate, divide the simple interest earned by the product of amount deposited and time.

Interest rate = Interest / (amount deposited x time)

=$241.50 / (1050 x 4)

=$241.50 / 4200

= 0.0575

= 5.75%

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steve should create a type of business report called a business plan. the correct option among the options that are already given in the question is the last or the fourth option. this business report created by steve will actually influence the investors about investing their money in steve's business. this business report will have all the details about the business, the amount of investment required and the amount of expected profit.

the correct answers i think are b. and d.

give me brainliest if it is correct!