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A $7000 investment earns $840 annual simple interest in one year. What is the annual interest rate?
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A $7000 investment earns $840 annual simple interest in one year. What is the annual interest rate?

User Jtomaszk
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The interest rate is the percentage of the investment made up by the interest.


(840)/(7000) = 0.12, or 12% percent.

Hope this helps!
User Jaf
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The answer would be 12 % annual interest rate!
Hope i helped
User Camron
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A $7000 investment earns $840 annual simple interest in one year. what is the annual interest rate
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