Alice earned $622.50 in interest on her savings in the bank. Before interest, the account had $12,450. What is the approximate percent she earned in interest?
3%
5%
7%
10%
To find The interest rate the formula is R=I÷pt r interest rate? I interest earned 622.5 P principle 12450 T time 1 year So R=622.5÷(12,450×1) R=0.05×100=5%
