A $7000 investment earns $840 annual simple interest in one year. What is the annual interest rate?

A.
12%

B.
12.5%

C.
13%

D.
13.5%

Question

A $7000 investment earns $840 annual simple interest in one year. What is the annual interest rate?
 
 A.
12%
 
 B.
12.5%
 
 C.
13%
 
 
 D.
13.5%

anonymous · Answer

Annual interest rate is the total interest to be paid in a year divided by the balance due

anonymous · Answer

That's what I just explained you're not supposed to give direct answers @chaser71

anonymous · Answer

smh ignorant people be like ^

anonymous · Answer

lol you may start ..

anonymous · Answer

Please make my day well my night

anonymous · Answer

ok.. and ?

anonymous · Answer

don't talk sh.it then

anonymous · Answer

I was just explaining what you obviously didn't so someone can know how to do it by themselves .. but ignorant people always ruin it

anonymous · Answer

that is true but that's not what we are here to do i'm just following the code of conduct unlike you and of course you would say something like that b/c your ignorant

anonymous · Answer

I'm done wasting my time on ya ignorant self I gave you enough of my time so have a wonderful day