domdomwallace461 domdomwallace461

16-11-2017
Mathematics

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Lily deposited $500 in a savings account. At the end of 1 year, she had earned $20 in simple interest. What interest rate did she receive?

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ankastre ankastre

16-11-2017

x/100 *500 = 20

500/100x = 20

5x = 20

x = 4 %

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dhontes512 dhontes512

18-12-2019

Your answer for this question is 4%

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