Question

Giselle deposited $3500 into a savings account for which simple interest is
calculated monthly. If her $3500 grew to $3514 after 1 month, what is the
yearly interest rate on Giselle's account?
O A. 0.4%
OB. 0.48%
O C. 4.8%
O D. 4%
SUBMIT

Answer 1

It wouls be C since its property portions

Answer 2

The answer is C 4.8%