8. John opened an account to save money to
attend the Olympics. He opened an
account with a d...
Mathematics, 04.02.2021 20:50 Janupedia
8. John opened an account to save money to
attend the Olympics. He opened an
account with a deposit of $6,500.
The account earned annual simple
interest.
He did not make any additional deposits
or withdrawals.
At the end of 6 years, the balance of the
account was $9,035.
.
What is the annual interest rate on this
account?
A 5.6%
B 6.5%
C 23.1%
D 7.5%
Answers: 2
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