SOLUTION: Maria has a savings account that is earning simple interest. If she started with $200 in the account and has earned a total of $8 in interest in two years, what is the rate of the

SOLUTION: Maria has a savings account that is earning simple interest. If she started with $200 in the account and has earned a total of $8 in interest in two years, what is the rate of the

Algebra.Com

Question 1104385: Maria has a savings account that is earning simple interest. If she started with $200 in the account and has earned a total of $8 in interest in two years, what is the rate of the account? Use the formula .

Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
8/200=.04
.04/2=0.02, or 2% interest per year
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