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OpenStudy (anonymous):
MEDAL + FAN PLEASE HELP ONLY 5 MINUTES LEFT ON THE TEST!!!!! Leah deposited $600 into an account and earned $96 in interest after 4 years. To compute the interest rate, use the formula I = prt, where I represents simple interest, p represents principal, r represents interest rate, and t represents time in years.
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OpenStudy (popitree):
96=600*r*4
OpenStudy (popitree):
r = 4/100
OpenStudy (popitree):
4%
OpenStudy (anonymous):
Thanks so much!
OpenStudy (popitree):
no problem
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