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Answered

The simple interest on an investment of $4000 for one year is $140.


What is the interest rate?




A.

0.035%



B.

3.5%



C.

35%



D.

350%

Verified Answer :

This is obviously B, you can get the answer through guess and check with a calculator or just take everything out that makes no sense at all like D and A and then figure out your final answer with the last 2 that make sense

To find the interest, you need to divide 140/4000
If you do that you will get 0.035 percent interest.

I hope this helped?

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