Question

After 3 years, a $1,500 investment is worth $1,680. What is the interest rate on the investment?

0.04 percent
2.0 percent
4.0 percent
37.3 percent

Answer 1

Answer:

0.04

Step-by-step explanation:

1680=1500+1500x3xr

1680-1500=1500x3xr

r=180/4500

r=0.04

Answer 2

Answer:

The answer is 4.0 percent

Step-by-step explanation:

I just answered that question and got it right