The interest rate is 3.5%.
EXPLANATION
We substitute the given values into the formula;

to obtain

We divide through by 6000 to obtain,

This implies that,

We take the square root of both sides,

This gives us,

Add -1 to both sides of the equation to obtain

Multiply through by 100 to obtain;

%
Step-by-step explanation:

For any quadratic equation
, the quadratic formula is as follows:

From the given quadratic equation, we know that
,
and
. Plugging in these values into the quadratic formula gives us the following:



The correct answer is C:$76.05. Tim would make 135.42 in three months and the total (221.47) minus 135.42 equals 76.05.
The order of operations is PEMDAS. You would work on multiplying the -6 and 3.