Ask Question
26 January, 05:09

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? A. 3.0% B. 3.5% C. 4.0% D. 4.5%

+1
Answers (2)
  1. 26 January, 05:17
    0
    The answer is 3.5% because 3.5% of 200 is 7 so after four years you have collected 28 in interest.
  2. 26 January, 05:20
    0
    All of my calculations led me to 7 but I do believe that the answer would be4.5
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” 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