nevaehchildress2009 nevaehchildress2009
  • 24-02-2022
  • Mathematics
contestada

Joannie lent $200 to her sister 4 years later her sister repaid her in full with $228 what simple interest rate did joannies sister pay

Respuesta :

Aisin
Aisin Aisin
  • 24-02-2022

Answer:

3.5%

Step-by-step explanation:

Joannie got $228-$200 = $28 extra profit.

So, every year she got $28 : 4 = $7

7 : 200 = 0.035, so she got a 3.5% interest rate annually.

Answer Link

Otras preguntas

Whats the geometric sequence for 5,20,80,320
How were jews treated before concentration camps?​
What is the equation of the line that passes through the point (-8,0)and has a slope of -1/4
May I use "at all" in positive statements?
9×9×9×9×9 can be simplified by what??​
A rectangular prism has a length of 4.5 cm, a width of 10 cm, and a height of 2.5 cm. What is the volume of the prism? 11.25 cm 17 cm 112.5 cm3 1,125 cm3 2.5 cm
Which type of transformation must have occurred in order to map triangle RST to its image, triangle R'S'T?​
Which could be the dimensions of a rectangular prism whose surface area is less than 160 square feet? Select two options O 8 feet by 4 feet by 3 feet O 7 feet b
Write the algebraic expression that matches each graph? PLS HELP I NEED HELP!!!
Please solve this ASAP! I WILL GIVE 20 points!