You deposit $250 in an account. The account earns $20 simple interest in 4 years. What is the annual interest rate?

Question

You deposit $250 in an account. The account earns $20 simple interest in 4 years. What is the annual interest rate?

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Sigridomena 6 months 2021-08-05T17:17:33+00:00 1 Answers 3 views 0

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    2021-08-05T17:18:53+00:00

    Answer:

    5.00

    Step-by-step explanation:

    20/4 years = 5 per year

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