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 annual interest rate did joannies sister pay?

Respuesta :

ameliajanesdebtfreed ameliajanesdebtfreed
  • 24-02-2022

Answer:

$7/year

Step-by-step explanation:

228-200 = 28

divide by the 4 years : 28/4= 7

Answer Link
jcardenas2769 jcardenas2769
  • 24-02-2022
Joanne’s sister paid 3.5% annual interest rate.
Answer Link

Otras preguntas

When two fractions are between 0 and 1/2, how do you know which fraction is greater? Explain
How to show your work to solve  3r^2-16r-7=5
Do you think you can accurately determine a person's genotype by observing his or her phenotype?
Describe the typical movement of ciliates.
a sporting goods store offers a 40% discount on all gulf clubs. rocco spent 20% of the money in his savings account on a golf putter. he paid $48 for the putter
in an A.P,the sum of first ten terms is -150 and the sum of next 10 terms is -550.Find the A.P
How to show your work to solve  3r^2-16r-7=5
Explain how can you use the Associative Property to evaluate (7*50)*4.
How to show your work to solve  3r^2-16r-7=5
Solve for " x " --- 20/x = 4/9 ? explain. (: