Maria has a savings account that is earning simple interest. If she started with $200 in the account and has earned a total of $8 in interest in two years, what is the rate of the account? Use the formula r= i/pt . A.12.5 B.0.08 C.0.00125 D.0.02
old question but will respond to help out future users r = i/(pt) i is the amount earned as interest ($8) p = the principal (the initial amount invested, or $200) t = time = 2 yrs
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