SOLUTION: becky put 9,000 in a savings account at the end of 9 years, the account had earned $5,265 in interest. At what annual simple interestrate did the account grow?

SOLUTION: becky put 9,000 in a savings account at the end of 9 years, the account had earned $5,265 in interest. At what annual simple interestrate did the account grow?

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Question 406909: becky put 9,000 in a savings account at the end of 9 years, the account had earned $5,265 in interest. At what annual simple interestrate did the account grow?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
5265/9=585 per yr
585/9000=0.065=6.5%
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