Register

You deposit $200 in an account. The account earns $15 simple interest in 3 years. What is the annual interest rate?

You deposit $200 in an account. The account earns $15 simple interest in 3 years. What is the annual interest rate?
asked 143k views
1 vote
You deposit $200 in an account. The account earns $15 simple interest in 3 years. What is the annual interest rate?

asked
User Werner Lehmann
by
8.0k points

1 Answer

0 votes
Answer = 4.4%

Solution:
answered
User Energee
by
9.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!