PLEASE ANSWER
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?

Respuesta :

the answer would be 5% because 56 is 20% of 280 and thats 4 years so you divide by 4 which gets you 5%.

Answer: 5%

Step-by-step explanation: