Question

After 3 years, a $1,500 investment is worth $1,680. What is the interest rate on the investment?
0.04 percent
2.0 percent
4.0 percent
37.3 percent

@smokeybrown

Answer 1

The interest rate here would be about 4%. Since the value increases by $180 over three years, that means it is increasing by $60 each year.
Since 60 is 4% of 1500, the interest rate is about 4%

Answer 2

thanks

Answer 3

no problem dude