Caleb deposited $4,000 in an account that earned simple interest annually. - He did not make additional deposits nor withdrawals.
-At the end of 5 years, the balance was $5,200.
What is the interest rate on this account?

Answer is in the file below

tinyurl.com/wpazsebu

definition: a circle is the  set of all points in a plane that are equidistant  from a given  point  called the center of the circle. we use the symbol ⊙ to represent a circle. the a line segment from the center of the circle to  any point  on the circle is a radius of the circle.

step-by-step explanation:

i googled it and this is what i got i don't know how it is. sorry.

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;