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Joannie lent $200 to her sister. Four years later, her sister repaid her in full with $228. What simple annual interest rate did Joannie's sister pay?

Joannie lent $200 to her sister. Four years later, her sister repaid her in full with $228. What simple annual interest rate did Joannie's sister pay?
asked 87.8k views
4 votes
joannie lent $200 to her sister. Four years later, her sister repaid her in full with $228. What simple annual interest rate did Joannie's sister pay?

asked
User Aaron Kurtzhals
by
8.1k points

1 Answer

6 votes

Joannie has collected 28 in interest


answered
User Zac Charles
by
8.2k points
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