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3 years ago

9

Marcus invested $2000 in a bank account earning simple interest. The interest, I, he has after t years at an interest rate r is

given by this equation.
l = 2000 rt

After 2 years, the total amount in the account was $2160. What was the annual interest rate?

1 answer:

laila [671]3 years ago

5 0

Answer:

4%

Step-by-step explanation:

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