Roy and two friends are at a game center. Each person buys hot dogs for $3, fries for $2.49, and a drink for $2.50. They also ha
1 answer:
You might be interested in
Answer: 6.5%
Step-by-step explanation:
Formula for simple interest : I = Prt , where P= principal , r= rate of interest t= time
As per given , P = $2000 , I=$ 650, t= 5 years
Substitute all theses values in the formula , we get
Hence, the required annual interest = 6.5%