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Marina CMI [18]
3 years ago
6

Hello! Can someone help me with the question?

Mathematics
1 answer:
nikitadnepr [17]3 years ago
5 0
I can’t read the question, what is the question?
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If a $3,500 investment earns $210 over 3 years, what is the annual rate?
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The annual rate of interest is 2 %  

Step-by-step explanation:

Given as :

The investment amount = $ 3,500

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The time period = 3  years

Let The annual interest rate = R

From simple interest method :

Simple Interest =  

Or, 210 × 100 = 3500 × R × 3

Or, R =

Or, R =  = 2

Hence The annual rate of interest is 2 %   Answer

hope this helped :)

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