Mathematics, 17.12.2020 01:00 edgar504xx

Giselle invested $10,000 into a savings account that earns annual simple interest. After 8 years, the total amount of her account was
$14,800. Assuming that Giselle made no other deposits or withdrawals
over the 8 years, find the interest rate of the account.

A. 18.5%
B. 6%
C. 3.1%
D. 5%

Answers: 3

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Giselle invested $10,000 into a savings account that earns annual simple interest. After 8 years, t...