Ax=200 and A(x+.01)=225
.01A=25
A=2500
2500x=200
x=.08
Destiny B.
asked 05/12/22Two savings accounts pay interest rates that differ by 1%. Equal amounts of money were invested in each account for a year. One account returns $200 in interest and the other returns $225. What is the lower interest rate?
A. 10%
B. 8%
C. 7%
D. 9%
Ax=200 and A(x+.01)=225
.01A=25
A=2500
2500x=200
x=.08
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