# SOLUTION: the saving account in which you initially invested \$250 has earned \$30 simple interest in 5 years. what is the interest rate of the account

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 Question 486823: the saving account in which you initially invested \$250 has earned \$30 simple interest in 5 years. what is the interest rate of the accountAnswer by rfer(12644)   (Show Source): You can put this solution on YOUR website!I=Prt r=I/Pt r=30/250*5 r=30/1250 r=0.048 r=4.8%