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OpenStudy (mathsucks321):
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 If no money was deposited into or withdrawn from the account, what was the annual interest rate?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. Help for a friend!
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OpenStudy (mathsucks321):
@3mar
OpenStudy (mathsucks321):
@princeharryyy @sooobored
OpenStudy (fuzzybird):
I would help if I could, I apologize.
OpenStudy (3mar):
Are you familiar with that?
OpenStudy (mathsucks321):
Yes kind of, this is for a friend of mine btw if you didn't read that fully.
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OpenStudy (3mar):
so tell her to look at it!
OpenStudy (mathsucks321):
Can we work on a problem of my own?
OpenStudy (3mar):
Yes, why not?
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