Mathematics, 09.03.2021 17:40 emilyturchon
Phil recieves a $2,000 tax refund and puts it all in a simple interest investment account paying a fixed return each year. After two years, the investment account
is up to $2,500. What is the yearly simple interest rate?
A 12.5%
D 50%
© 25%
D 37.5%
Answers: 3
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