Joannie lent 200$ to her sister. Four years later, her sister repaid her in full with 228$. What a simple annual interest rate did Joannie's sister pay?

Verified Answer :

I believe the interest world be 3.5%

Answer:

3.5%

Step-by-step explanation:


Joannie lent $200 to her sister. Four years later, her sister repaid her in full with $228. What simple annual interest rate did Joannie's sister pay?