Respuesta :

sqdancefan
You have the formula. Put in the numbers and solve for r.

The interest earned in 4 years on 5000 is (6500 -5000) = 1500.
.. I = Prt
.. 1500 = 5000*r*4
.. 1500/20000 = r = .075 = 7.5% . . . . . . matches selection B