Mathematics, 25.05.2021 05:20 mega29

Mr. Flores opened an account with a deposit of $5,000. • 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 $6,500.
What is the annual interest rate on this account?
A=5.8%
B=7.5%
C=3.3%
D=1.9%

Need this with an explanation please

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Mr. Flores opened an account with a deposit of $5,000. • The account earned annual simple interest....