SOLUTION: you put 1500 in a simple interest savings account two years later the total account balance is 1665 what is the interest rate of the savings account

SOLUTION: you put 1500 in a simple interest savings account two years later the total account balance is 1665 what is the interest rate of the savings account

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Question 1104430: you put 1500 in a simple interest savings account two years later the total account balance is 1665 what is the interest rate of the savings account

Answer by josgarithmetic(39613) (Show Source): You can put this solution on YOUR website!
Compounding or not?
Assuming no compounding:

5.5% simple interest per year, for two years
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