Sean deposited $200 into an account, and earned $36 in interest after 3 years.
Use the formula 'I=prt' where 'I' represents simple interest,'p' represents principal,'r' represents interest rate, and 't' represents time in years.
What is the interest rate?
A. 0.06
B. 0.6
C. 6.0
D. 60
+3
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Home » Mathematics » Sean deposited $200 into an account, and earned $36 in interest after 3 years. Use the formula 'I=prt' where 'I' represents simple interest,'p' represents principal,'r' represents interest rate, and 't' represents time in years.