Simple and compound interest
Jorge opened an account with a deposit of $1,250.
The acco...
Mathematics, 06.04.2021 23:50 jboii11
Simple and compound interest
Jorge opened an account with a deposit of $1,250.
The account earned annual simple interest.
He did not make any additional deposits or withdrawals.
At the end of 4 years, the balance of the account was $2,000.
What is the annual interest rate on this account?
Answers: 3
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