Mathematics, 21.08.2019 15:20 xojade

A$5000 investment earns $1575 simple interest in three years. what is the annual interest rate?
a. 1.05%
b. 3.15%
c. 10.5%
d. 31.5%

Answers: 1

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A$5000 investment earns $1575 simple interest in three years. what is the annual interest rate?

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A$5000 investment earns $1575 simple interest in three years. what is the annual interest rate? a. 1.05% b. 3.15% c. 10.5% d. 31.5%

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Other questions on the subject: Mathematics

Questions in other subjects:

A$5000 investment earns $1575 simple interest in three years. what is the annual interest rate?
a. 1.05%
b. 3.15%
c. 10.5%
d. 31.5%