asked 21.1k views
3 votes
Lisa starts a different business account that pays simple interest every 1 point

year on his principal, which was $35,000, and after one year has passed,
her account has earned $3150 in simple interest. Find the interest rate that
Lisa is getting on this business account

asked
User Tomekia
by
8.1k points

1 Answer

5 votes

Answer:

Interest rate=9%

Explanation:

Interest rate=$3150×100%/$35000×1

Rate=315000/35000=9%

answered
User Cethint
by
7.7k points
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