asd233
Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

The simple interest on an investment of $4000 for one year is $140.

What is the interest rate?



A.
0.035%


B.
3.5%


C.
35%


D.
350%

Sagot :

This is obviously B, you can get the answer through guess and check with a calculator or just take everything out that makes no sense at all like D and A and then figure out your final answer with the last 2 that make sense
To find the interest, you need to divide 140/4000
If you do that you will get 0.035 percent interest.

I hope this helped?
We hope this information was helpful. Feel free to return anytime for more answers to your questions and concerns. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.