Mika opened a bank account that earns simple interest with an initial deposit of $2,200. she made no other transactions throughout the year. at the end of the year, mika had $2,260.50 in her account. what was the simple interest rate?

 2.75 %

Step-by-step explanation:

Here, the Principal amount or initial amount, P = $ 2200

The Amount by getting simple interest on the amount, A = $ 2260.50

Time, t = 1 year,

Simple interest rate, r ( let)= ?

Since, The amount in Simple interest,

⇒

⇒

⇒

⇒ = 2.75 %

Thus the simple interest rate = 2.75 %

wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100%   is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.

x+14

step-by-step explanation: