Ralph deposited $3,000 into a bank account that earn simple interest each year after 3.5years he had earn $226.50 and interest i f no money was deposited into or withdrawn from the account what was the annual interest rate
1 answer:
Answer:
r=0.02147=2.147%
Step-by-step explanation:
Interest=principal X interest rate X time(yearly)
$226.50=$3000 * R * 3.5year
r=0.02147=2.147%
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