asd233
Answered

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The simple interest on an investment of $4000 for one year is $140.

What is the interest rate?



A.
0.035%


B.
3.5%


C.
35%


D.
350%

Sagot :

This is obviously B, you can get the answer through guess and check with a calculator or just take everything out that makes no sense at all like D and A and then figure out your final answer with the last 2 that make sense
To find the interest, you need to divide 140/4000
If you do that you will get 0.035 percent interest.

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