Question

You earn $45.50 each year on an investment. What is the rate of simple interest if your initial investment was $750?

Answer 1

6.0666.... % i hope this helpedddd

Answer 2

6.0666...%

You probably need to round it to the nearest tenth (6.1%) or hundredth(6.07%). If you need to the nearest thousandth, it is 6.067%.

Interest/Investment = the percent interest (or return)

$45.50/$750=0.060666...
0.060666...*100%=6.0666...%