Mathematics, 16.10.2020 16:01 myhomeacc32

Marcus invested $2000 in a bank account earning simple interest. The interest, I, he has after t years at an interest rate r is given by this equation. l = 2000 rt

After 2 years, the total amount in the account was $2160. What was the annual interest rate?

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Marcus invested $2000 in a bank account earning simple interest. The interest, I, he has after t yea...

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Marcus invested $2000 in a bank account earning simple interest. The interest, I, he has after t years at an interest rate r is given by this equation. l = 2000 rt After 2 years, the total amount in the account was $2160. What was the annual interest rate?

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Another question on Mathematics

Marcus invested $2000 in a bank account earning simple interest. The interest, I, he has after t years at an interest rate r is given by this equation. l = 2000 rt

After 2 years, the total amount in the account was $2160. What was the annual interest rate?