Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Our platform provides a seamless experience for finding reliable answers from a knowledgeable network of professionals. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Raul deposited $3000 into a bank account that earned simple interest each year. After 3. 5 years, he had earned $262. 50 in interest. No money was deposited into or withdrawn from the account. What was the annual interest rate?

Sagot :

paulnneji

Answer:

262.50-3000=222.50

therefore 3000×100/222.50×3.5=$4,719

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.