Question

Lisa starts a different business account that pays simple interest every 1 point
year on his principal, which was $35,000, and after one year has passed,
her account has earned $3150 in simple interest. Find the interest rate that
Lisa is getting on this business account

Answer 1

Answer:

Interest rate=9%

Step-by-step explanation:

Interest rate=$3150×100%/$35000×1

Rate=315000/35000=9%