## HELP ME:Malik deposited $1,050 in a savings account, and it earned $241.50 in simple interest after four years. Find the interest rate on Ma

Question

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## Answers ( No )

To convert these numbers to a percent, divide the subset by the total, then multiply by 100.

$241.50 (subset) divided by $1,050 (total)

Is 0.23. Next, multiply the quotient (0.23) by 100 to get your answer.

0.23*100 = 23.

The interest rate would be 23%.