Ask Question
11 March, 18:50

A deposit of $11,000.00 was made to an account seven years ago. After seven years, the account had earned $3,465.00 in interest. What simple interest rate did the account earn?

Select the best answer from the choices provided.

4.5%

9%

12%

18%

+2
Answers (1)
  1. 11 March, 19:50
    0
    4.5%. 11,000 x. 045=. Then multiply by 7.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A deposit of $11,000.00 was made to an account seven years ago. After seven years, the account had earned $3,465.00 in interest. What ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers