223k views
1 vote
After 3 years, a $1,500 investment is worth $1,680. What is the interest rate on the investment?

0.04 percent
2.0 percent
4.0 percent
37.3 percent

User MFlamer
by
5.6k points

2 Answers

4 votes

Answer:

0.04

Explanation:

1680=1500+1500x3xr

1680-1500=1500x3xr

r=180/4500

r=0.04

User Marcelo Rocha
by
4.3k points
0 votes

Answer:

The answer is 4.0 percent

Explanation:

I just answered that question and got it right

User Billrichards
by
4.3k points