Joannie lent $200 to her sister. 4 years later, her sister repaid her in full with $228. What simple annual interest rate did joannies sister pay?

asked May 28, 2023 158k views

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2 votes

Joanne’s sister paid 3.5% annual interest rate.

Louay Sleman answered May 30, 2023

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7 votes

Answer:

$7/year

Explanation:

228-200 = 28

divide by the 4 years : 28/4= 7

James Maa answered Jun 1, 2023

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