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15 February, 21:28

A $6000 investment earns $690 annual simple interest in one year. What is the annual interest rate?

10.5%

11%

11.5%

12%

+1
Answers (2)
  1. 15 February, 21:38
    0
    The answer would be 11.5%.

    6000 x. 115 = 690
  2. 15 February, 21:52
    0
    690/6000 = 0.115

    0.115 X 100 = 11.5%

    Answer is 11.5%
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