Suppose Serena invests $2,500 for 3 years and 6 months and earns $328.13. What was the rate of interest as a percentage? Round your answer to the nearest hundredth of a percent. please somebody help me

asked Feb 4, 2023 193k views

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5 votes

4.38% is rounded btw

Carsten Hess answered Feb 6, 2023

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6 votes

Answer: 4.38%

Step-by-step: Assuming simple interest, we start by writing the formula for simple interest.

Jhauris answered Feb 9, 2023

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