> Math prob annual interest?

Math prob annual interest?

Posted at: 2014-12-05 
Mike put 6000$ in a savings account that earns simple interest at the end of 1 year the account had earned 570 in interest what was the annual interest

Not being picky or smart, but you need to be precise.

The annual interest was $570 !

The annual interest RATE was 9.5% as per Pcnexus's solution

$570 = x% of $6,000

$570/$6,000 = x%

x% = 0.095 * 100 = 9.5% annual interest rate.

Why did I read this as "Meth problem and interest?"

Mike put 6000$ in a savings account that earns simple interest at the end of 1 year the account had earned 570 in interest what was the annual interest