Kenneth deposited $750.00 into an account and fifteen years later, the account had earned $787.50 in interest. What simple interest rate did the account earn?
Select the best answer from the choices provided.
3%
5%
7%
11%
Kenneth deposited $750.00 into an account and fifteen years later, the account had earned $787.50 in interest. What simple interest rate did the account earn?
Select the best answer from the choices provided.
3%
5%
7%
11%
