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Mathematics, 09.04.2021 18:40 Tirone

Mr. Brown opened a new account with a deposit of $4,000. - The account earned annual simple interest.

- He did not make any additional deposits or withdrawals.

- At the end of 4 years, the balance was $4,400.

What is the annual interest rate on this account?
5%
2.5%
10%
7.5%

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Answers: 1

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