Heidi deposits $250 in an account and one year later has $270;what was the interest rate?
A)8 percent
B)9 percent
C)10 percent
D)None of the above is correct.

Name: Heidi deposits $250 in an account and one year later has $270;what was the interest rate? A)8 percent B)9 percent C)10 percent D)None of the above is correct.
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Question

Quizplus · Accepted Answer

Interest = $270 - $250 = $20Interest rate = (Interest / Principal) * 100= ($20 / $250) * 100= 8%

Heidi Deposits $250 in an Account and One Year Later