Question

A $7000 investment earns $1330 simple interest in two years. What is the annual interest rate?

A. 1.90%
B.3.80%
C.9.50%
D.19.0%

PLZ HELP I WILL GIVE MEDAL

Answer 1

@LeeEtchison @AlexandervonHumboldt2 @sleepyjess @PlanSlam @pooja195 plz help

Answer 2

I = Prt
7000 = (1330)(2)r
Multiply 1330 * 2.

Answer 3

@williams_14 @QemarGray6 @domisreallytall @Deadpool. @Donblue22 @dtan5457 @skullpatrol @s

Answer 4

Wait, no it's: 1330 = (7000)(2)r
So multiply 7000 * 2

Answer 5

that would be 14000

Answer 6

Ok, good. Now divide 1330 by 14000

Answer 7

0.095

Answer 8

am i right???

Answer 9

so c??

Answer 10

@AdamK is this is

Answer 11

0.095??

Answer 12

so c or a

Answer 13

Multiply by 100 and you have your percentage.

Answer 14

so c

Answer 15

thx

Answer 16

Haha, nice. No problem