Jorge opened an account with a deposit of $1,250.
The account earned annual simple interest.
...
Mathematics, 07.04.2021 06:10 amiramoonbeam
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?
A) 10%
B) 12%
C) 15%
D) 13%
Answers: 1
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