Mr. lira opened an account with a deposit of $2,000. The account earned annual simple interest.
He did not make any additional deposits or withdrawals.
At the end of 7 years, the balance of the account was $3,500.
What is the annual interest rate on this account?

A) 25%

B) 30%

C) 22,5%

D) 27%

A) 25%

Step-by-step explanation:

Simple interest rate = $3,500

Principal, p = $2,000

Time, t = 7 years

Rate, r = ?

Simple interest rate = (principal × rate × time) / 100

3,500 = (2,000 × r × 7) / 100

3,500 * 100 = 14,000r

350,000 = 14,000r

r = 350,000/14,000

r = 25%

add 5 subtract 1

step-by-step explanation:

option c) graph of line going through 1, 4 and 3, 10

step-by-step explanation:

let y equal to margo's coin collection

let x equal to number of years

at the begining x=0, y=1 → point=(x,y)→point=(0,1)

she adds 3 coins per year, then y=1+3x

at x=1, y=1+3(1)=1+3→y=4→point=(x,y)→point=(1,4)

at x=3, y=1+3(3)=1+9→y=10→point=(x,y)→point=(3,10)

the graph of line going through (1, 4) and (3, 10), then the option c is the correct.