adrmedina406
adrmedina406 adrmedina406
  • 21-04-2021
  • Mathematics
contestada

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?

Respuesta :

chloenn05 chloenn05
  • 21-04-2021
Your answer is going to 7.5%
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