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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 If no money was deposited into or withdrawn f…

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 If no money was deposited into or withdrawn f…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 If no money was deposited into or withdrawn from the account, what was the annual interest rate?

User Gaurav Toshniwal
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2 Answers

2 votes
te correct answer is 2.5% trust me I took the test already
User Tolga
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8.4k points
6 votes
I believe it's 75% but i'm not positive.
User Anica
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8.7k points
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