1. Sonya placed $3,000 in a new savings accoun that earns an annual simple interest rate. After eight years of no additional withdrawals or deposits, her balance grew to 150% more tham initial deposit. What was the simple interest rat A= P(1+r+) A. 6% B. 6.25% C. 6.5% ja 87
1. Sonya placed $3,000 in a new savings accoun that earns an annual simple interest rate. After eight years of no additional withdrawals or deposits, her balance grew to 150% more tham initial deposit. What was the simple interest rat A= P(1+r+) A. 6% B. 6.25% C. 6.5% ja 87
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Transcribed Image Text:PRE-ALGEBRA REVIEW
1. Sonya placed $3,000 in a new savings account
that earns an annual simple interest rate. After
eight years of no additional withdrawals or
deposits, her balance grew to 150% more than her
initial deposit. What was the simple interest rate?
A= P(1+r+)
A. 6%
B. 6.25%
C. 6.5%
D. 6.75%
Name:
Date:
2. W
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