# Item 11 an account earns simple interest. find the annual interest rate. i= $30 p= $250 t= 3 years

(1) Answers

I = P x R x T 30 = 250 x R x 3 30 = 750R 30/750 = 750R/750 R = 0.04 R = 4%

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(1) Answers

I = P x R x T 30 = 250 x R x 3 30 = 750R 30/750 = 750R/750 R = 0.04 R = 4%

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