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tia_tia [17]
2 years ago
11

PLEASE HELP ME!! #4 Suzan took out a $700 loan from the bank. At the end of 5 years, she pays back the principal, plus $105in si

mple interest. What was the annual interest rate? *
Mathematics
1 answer:
Veseljchak [2.6K]2 years ago
3 0

Answer:

3%

Step-by-step explanation:

105 = 700 x r x 5

r = 105 / ( 700 × 5 ) = 0.03

r = 0.03

0.03 in percent is 3%

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