(25 points)

Li deposited $17,500 into a bank account that earned simple interest each year. After 2 years, he had earned $2975 in interest. If no money was deposited into or withdrawn from the account, what was the annual interest rate? Answer as a percent.

Respuesta :

Answer:

Take $2975 divided by 2, then take that number divided by $17,500 to figure out the annual interest rate.

Annual interest rate: 8.5%

Step-by-step explanation:


Answer:

Just divide it by 2 for your answer

Step-by-step explanation:

297 divided by 2 5o get your answer