Ask Question
17 July, 01:49

Ralph deposited $3,000 into a bank account that earn simple interest each year after 3.5years he had earn $226.50 and interest if no money was deposited into or withdrawn from the account what was the annual interest rate

+2
Answers (1)
  1. 17 July, 02:04
    0
    r=0.02147=2.147%

    Step-by-step explanation:

    Interest=principal X interest rate X time (yearly)

    $226.50=$3000 * R * 3.5year

    r=0.02147=2.147%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ralph deposited $3,000 into a bank account that earn simple interest each year after 3.5years he had earn $226.50 and interest if no money ...” 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