Luke deposited $400 in a savings account with simple interest. Two years later, he had
eamed $...
Mathematics, 05.05.2020 00:59, ms0579930
Luke deposited $400 in a savings account with simple interest. Two years later, he had
eamed $88 in interest. What was the interest rate?
Use the formula i prt, where i is the interest earned, p is the principal (starting amount),
is the interest rate expressed as a decimal, and t is the time in years.
Answers: 2
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