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?

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ameliajanesdebtfreed ameliajanesdebtfreed

24-02-2022

Answer:

$7/year

Step-by-step explanation:

228-200 = 28

divide by the 4 years : 28/4= 7

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jcardenas2769 jcardenas2769

24-02-2022

Joanne’s sister paid 3.5% annual interest rate.

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