Question

Joannie lent 200$ to her sister. Four years later, her sister repaid her in full with 228$. What a simple annual interest rate did Joannie's sister pay?

Answer 1

3.5%

Explanation:

Joannie lent $200 to her sister. Four years later, her sister repaid her in full with $228. What simple annual interest rate did Joannie's sister pay?

Answer 2

I believe the interest world be 3.5%