Over the last 4 years, James has earned $56 interest on a deposit of $280 that he made to his savings account. What is the simple annual in

Question

Over the last 4 years, James has earned $56 interest on a deposit of $280 that he made to his savings account. What is the simple annual interest rate for James’ savings account?

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    0
    2021-11-25T23:33:42+00:00

    Answer:

    5.6%

    Step-by-step explanation:

    0
    2021-11-25T23:33:50+00:00

    Its $56 dollars
    280-56=224
    224÷4=56

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