Susan puts $125 into an account and one year later has $135;what was the interest rate?
A)5 percent
B)7 percent
C)8 percent
D)10 percent

Name: Susan puts $125 into an account and one year later has $135;what was the interest rate? A)5 percent B)7 percent C)8 percent D)10 percent
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Question

Quizplus · Accepted Answer

The interest rate can be calculated by dividing the difference between the final balance and the initial balance by the initial balance, and then multiplying by 100. In this case, (135-125)/125 * 100 = 8 percent.

Susan Puts $125 into an Account and One Year Later