Raul deposited $3000 dollars into a bank acount that earned simple interest rate each year. After 3.5 years, he had earned $262.50 in interest. If no money was deposited into or withdrawn from the account, what was the annual interest rate?
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Raul deposited $3000 dollars into a bank acount that earned simple interest rate each year. After 3.5 years, he had earned $262.50 in ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Mathematics » Raul deposited $3000 dollars into a bank acount that earned simple interest rate each year. After 3.5 years, he had earned $262.50 in interest. If no money was deposited into or withdrawn from the account, what was the annual interest rate?