Joe deposits 250000 with a bank that pays annual simple interest. At the end of 3yrs, Joe has $317622.3 in…

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March 12, 2021
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March 12, 2021

Joe deposits 250000 with a bank that pays annual simple interest. At the end of 3yrs, Joe has $317622.3 in…

Joe deposits 250000 with a bank that pays annual simple interest. At the end of 3yrs, Joe has $317622.3 in his account.Find the annual rate of interest Joe earned over the three yrs.
 
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