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3 years ago

12

Ms, Garza opened an account with a deposit of $5,000. The account earned annual simple interest. She did not make any additional

deposits or withdrawals. At the end of 4 years, the balance of the account was $6,500.
What is the annual interest rate on this account?

1 answer:

vfiekz [6]3 years ago

3 0

Your answer is going to 7.5%

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