Mathematics: After 1 year, $800 deposited in a savings account with simple interest had earned $64 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.

After 1 year, $800 deposited in a savings account

lalandaid

25.01.2022

Step-by-step explanation:

We will use the equation provided to solve this problem.

I=Prt

Lets plug in the values:

64=800x(1) First, divide both sides by 800.

.08=x(1) Multiply x by 1

x = .08

Now, we multiply .08 by 100 to get our interest rate:

(.08)100 = 8

The interest rate is 8%

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cicimarie2018

21.04.2023

Step-by-step explanation:

$\frac{1}{7} n-8\leq 97\\\frac{1}{7} n\leq 105\\n\leq 735$

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