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Mathematics, 13.10.2020 05:01 ShawnSaviro4918
Mr. Flores opened an account with a deposit of $5,000.
• The account earned annual simple interest.
• He 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?
A. 5.8%
B. 7.5%
C. 3.3%
D. 1.9%
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Answers: 1
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Mr. Flores opened an account with a deposit of $5,000.
• The account earned annual simple interest....
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