An account earns simple interest. find the annual interest rate.
i = $30
p = $250
t = 3 years
the annual interest is ? %

4%

Step-by-step explanation:

The formula to calculate simple interest is given by :-

, where P is the Principal amount, r is the rate of interest in decimal and t is the time.

Given: I = $30

P = $250

T = 3 years

Substitute the given values in the above formula , we get

In percent,

Hence, the annual interest = 4%.

i pretty sure it is