Question

Jack deposited $1,400 in his bank account. After 3 years, the account earned
$294 in interest. Find the simple
interest rate.

Answer 1

Answer:

his intrest rate is 7%

Step-by-step explanation:

294/1400=0.21

0.21/3 years = 0.07

0.07=7%

1400*0.07=98

98*3 years = 294

Answer 2

Answer: intrest rate is 7%

Step-by-step explanation:

294/1400=0.21

0.21/3 years = 0.07

0.07=7%

1400*0.07=98

98*3 years = 294

Step-by-step explanation: