Question

Mikayla opens a savings account with a principal of $3,000. After 5 years, she earns $450 in interest. Using the equation I=prt, where I=interest, p=principal, r=rate, and t=time

Answer 1

Mikayla opens a savings account with a principal of $3,000. After 5 years, she earns $450 in interest.

per year 450/5=90
90.100/3000=9000/3000=%3

Using the equation I=prt, where I=interest, p=principal, r=rate, and t=time