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 simple interest rate did the account earn?


4.5%



9%



12%



18%


giving a metal

Answer 1

4.5%

Answer 2

first you have to do 3465/7=495
then you do 495/70000=.025
.025=2.5%

Answer 3

thank you

Answer 4

your welcome