Find the simple interest rate given by rightside bank how, Financial Management

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Find the simple interest rate given by rightside bank how

Delfina deposited $6 200 in her Leftside Bank account which pays simple interest at 2.5% per annum. If she had deposited that money in Rightside Bank for 2 years, she would have earned an interest of $124 more than in Leftside Bank.

a. Find the simple interest rate given by Rightside Bank.

b. How long would she need to invest in Rightside Bank to have $7 285 in the account?

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Financial Management: Find the simple interest rate given by rightside bank how

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