MATH SOLVE

4 months ago

Q:
# Mika invested $200 into a certificate of deposit. After 6 months, the balance was $220. What was the interest rate on the deposit?I = prt20 = (200)(r)(0.5)A. 10%B. 20%C. 40%D. 50%

Accepted Solution

A:

The answer is B. 20% fam.