Solve this please, as quick as possible

Question

Harris invested $200 in a savings account for 5 years. At the end of 5 years, his savings account had $450 in it.

If $200 represents P, the principal amount, which percent represents the annual simple interest rate (r) that Harris earned after the 5 year (t) period?

(Use the formula I = Prt)


-0.25% annual simple interest


-0.45% annual simple interest


-25% annual simple interest


-45% annual simple interest

Harris invested $200 in a savings account for 5 years. At the end of 5 years, his savings account had $450 in it.

If $200 represents P, the principal amount, which percent represents the annual simple interest rate (r) that Harris earned after the 5 year (t) period?

(Use the formula I = Prt)

0.25% annual simple interest

0.45% annual simple interest

25% annual simple interest

45% annual simple interest

Answer 1

I = PRT

 

interest = 450-200= 250

 

250= 200r(5)

r=250/1000=1/4=.25(100)=25%