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QUESTION
Algebra
Fiona deposited $900 in the bank over 2 years. She earned $60 in simple interest at the end of 2 years. What was the annual interest rate?

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* * ****
60
= ************ **
=1800R
******* =
**
** * ******
**
R= 100/30 *
*****

$5.00ANSWERTutor has posted answer for $5.00. See answer's preview
**** attached *** ***** ** interest rate
******
***
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$2.00ANSWERTutor has posted answer for $2.00. See answer's preview
**** the formula *** simple *********
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* ***** * **** *****
Amount
=
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**
** *** *****
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************ in
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*
********** 60= **** * * * R)/100 **************
R=60/9
R=667 *

$5.00ANSWERTutor has posted answer for $5.00. See answer's preview
********* * *****
********
* $60 ****
=
******* ******** *
principal
* interest/100 * ***** ** = 900
*
***** * ** I= 60/1800*100 = ****