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MA_775_DIABLO [31]

3 years ago

6

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f no money was deposited into or withdrawn from the account what was the annual interest rate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:

PilotLPTM [1.2K]3 years ago

4 0

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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