Ask Question
29 April, 22:20

A deposit of $11,000.00 was made to an account seven years ago. After seven years, the account had earned $3,465.00 in interest. What simple interest rate did the account earn?

Select the best answer from the choices provided.

4.5%

9%

12%

18%

+5
Answers (1)
  1. 29 April, 22:28
    0
    4.5%. 11,000 x. 045=. Then multiply by 7.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A deposit of $11,000.00 was made to an account seven years ago. After seven years, the account had earned $3,465.00 in interest. What ...” 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.
Search for Other Answers