anonymous
  • anonymous
A $7000 investment earns $1330 simple interest in two years. What is the annual interest rate? A. 1.90% B. 3.80% C. 9.50% D. 19.0% (medal)
Mathematics
katieb
  • katieb
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anonymous
  • anonymous
@RhythmicTune can you help?
anonymous
  • anonymous
@rockstar0765 can you help
anonymous
  • anonymous
@urbanmorgans can you help

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texaschic101
  • texaschic101
I = PRT --- (Interest = Principle * rate * time) I = 1330 P = 7000 T = 2 R is unknown Now we sub 1330 = (7000)(R)(2) 1330 = 14000R 1330/14000 = R 0.095 = R -- turn to a percent 9.50 % = R
anonymous
  • anonymous
so C
anonymous
  • anonymous
is he/she right because i think its D

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