sophia deposited $80,000 in a savings account with simple interest. two years later, she had earned $17,600…

sophia deposited $80,000 in a savings account with simple interest. two years later, she had earned $17,600 in interest. what was the interest rate? use the formula i = prt, where i is the interest earned, p is the principal (starting amount), r is the interest rate expressed as a decimal, and t is the time in years.

Answer