1
Q:
A) 6% | B) 5% |
C) 7% | D) 8% |
Answer: A) 6%
Explanation:
Explanation:
1. To find the interest, subtract the principal from the balance.
$618 - $600 = $18
2.Use the simple interest formula and solve for r.
I = Prt
18= 600 x r x (1/2)
r= 0.06 =6%