Mathematics, 18.11.2020 20:10 powpow71

Harold's balance in his savings account was $10,000. The savings account earns annual simple interest. At the end of 3 years, the balance of the account was $11,875.
If Harold did not make any additional deposits or withdrawals, what was the
approximate annual interest rate on the savings account?

Answers: 1

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Harold's balance in his savings account was $10,000. The savings account earns annual simple interest. At the end of 3 years, the balance of the account was $11,875. If Harold did not make any additional deposits or withdrawals, what was the approximate annual interest rate on the savings account?

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Another question on Mathematics

Harold's balance in his savings account was $10,000. The savings account earns annual simple interest. At the end of 3 years, the balance of the account was $11,875.
If Harold did not make any additional deposits or withdrawals, what was the
approximate annual interest rate on the savings account?