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%

Answer 1

@kittiwitti1

Answer 2

BOP!
Hello ♪

Answer 3

I literally just took a test on this

Answer 4

I believe this is one of those icky Principal formulas... xD

Answer 5

one sec

Answer 6

*gives the mic to @CupcakeQueen10 * lol I haven't finished learning this subject yet I don't know for certain... ☻

Answer 7

okie np thanks

Answer 8

I think its C let me explain

Answer 9

I have this formula but since we already know the simple interest we need to do it in the inverse...

Answer 10

so 1330/2=

Answer 11

665 and 665/7000=

Answer 12

0.095 and 0.095*100=

Answer 13

9.50

Answer 14

thats why i think its c

Answer 15

brb

Answer 16

K i am back

Answer 17

mkay so A?

Answer 18

no C

Answer 19

sorry brb gotta check on my question

Answer 20

@amilliacortez123

Answer 21

you don't get it or???

Answer 22

yes thank you! 2 more?

Answer 23

maybe what the questions?

Answer 24

lemme make a new post

Answer 25

ok :D