mr Flores opened an account with a deposit of 5000. The account earned annual simple interest. He did not make any additional de
posits or withdrawals. At the end of 4 years, the balance of the account was 6500 what is the annual interest rate on this account.
2 answers:
Answer:
7.5
Step-by-step explanation:
6500-5000=1500=5000times rate times4
Add the numbers 5000+6500=11,500
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