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OpenStudy (anonymous):
Willie deposited $2,500 into a savings account for which simple interest is calculated semi-annually. If his $2,500 grew to $2,540 after 6 months, what is the yearly interest rate on Willie's account? A. 0.32% B. 1.6% C. 3.2% D. 0.16%
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OpenStudy (anonymous):
Are you familiar with the formula i=prt? Interest= PrinciplexRatexTime If you plug each of these in you'll get your answer<3 Good luck!
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