Raul deposited $3000. Into a checking account that earned simple interest rate each year. After 3.5 years he earned $262.50 in interest. If no money was deposited or withdrawn from the account what was the annual interest rate?
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Home » Mathematics » Raul deposited $3000. Into a checking account that earned simple interest rate each year. After 3.5 years he earned $262.50 in interest. If no money was deposited or withdrawn from the account what was the annual interest rate?