Question

Joanie invests $1000 in a saving account. After 5 years it had earned $175 simple interest. What was the annual interest she earned on her money?

Answer 1

I think its 35
Hope It helped

Answer 2

So to answer this question first you have to find out how much interest was earned by Joanie's 1000$ so that would be the number of dollars earned-A divided by the years that it took to earn that much- B so the ending equation would be A ÷ B= C with C being the number of dollars per year. and that would be 35 dollars per year. So, now all we need to do is find out the percentage 35$ is of 1000$ which would be 3.5%
Hope I Helped!