Mathematics, 13.10.2020 05:01, ShawnSaviro4918

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%

Answers: 1

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