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35 mr. flores opened an account with a deposit of $5,000.
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•
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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?
5.8%
a
b
7.5%
c
3.3%
d
1.9%
q. 8.12(d) 2017