Carmen deposited $960 in a savings account with simple interest. Five years later, the account held $1,200. 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.

0.25/ 25%

Step-by-step explanation:

I=prt

1200=960*x*5

1200=4800x

divide both sides by 4800

x=0.25

step-by-step explanation:

we are given

since, we have to isolate x on anyone side

so, we can move all x terms on one side

subtract both sides by 2x

add both sides by 9

divide both sides by 4

we get

jbankston is right, use thhe link and you should find the answer.