Question

*BRAIN FART*

Answer 1

   Raul deposited $3000 into a bank account that earned simple interest each year. After 3.5 years, he had earned $262.50 in interest.

If no money was deposited into or withdrawn from the account, what was the annual interest rate?

Round your answer to the nearest hundredth.

Answer 2

Simple interest formula
I = PRT

We are given
I = 262.50
P = 3000
R = What we are solving for
T = 3.5

Plug it in to the formula and solve for R.

Answer 3

ok but how would I...i'm new to this........

Answer 4

could you help? :)

Answer 5

rawr

Answer 6

All you need to do is plug in the values you are given and solve for one variable.