Troy Ulman received his annual savings account statement, showing $78.75 in interest. If his savings account balance was $2,100
at the beginning of the year, what is his annual interest rate?
3%
0.03%
0.375%
3.75%
1 answer:
Answer is 3.75%
3.75% = 0.0375
0.0375 + $2,100 = <span>$78.75</span>
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