derek deposited 3000 in a simple interest account 3 years ago. he has earned 360 in interest so far what is the interest rate for his account

Respuesta :

Answer:

4%

Step-by-step explanation:

I=Prt  (interest rate = principle(rate)(time)

360=(3000)(r)(3)

360=9000

4%

Answer:

Derek deposited $3,000 in a simple interest account 3 years ago. He has earned $360 in interest so far. What is the interest rate for his account?  

Step-by-step explanation: