Question

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If no money was deposited into or withdrawn from the account, what was the annual interest rate?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

Answer 1

@3mar

Answer 2

@princeharryyy @sooobored

Answer 3

I would help if I could, I apologize.

Answer 4

Are you familiar with that?

Answer 5

Yes kind of, this is for a friend of mine btw if you didn't read that fully.

Answer 6

so tell her to look at it!

Answer 7

Can we work on a problem of my own?

Answer 8

Yes, why not?