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Ike opened a savings account with a deposit of $3,000. Three years later, he had earned a total of $270 in simple interest.
If he made no additional deposits, what was the annual interest rate on his account?
A. 0.03%
B. 9%
C. 4.5%
D. 3%
 11 months ago
 11 months ago
Ike opened a savings account with a deposit of $3,000. Three years later, he had earned a total of $270 in simple interest. If he made no additional deposits, what was the annual interest rate on his account? A. 0.03% B. 9% C. 4.5% D. 3%
 11 months ago
 11 months ago

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Twig02Best ResponseYou've already chosen the best response.1
D. 3% 3,000*3%= 90 90(3)=270
 11 months ago
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