Mathematics, 30.03.2021 02:00 eeeeee9848
Phil receives a $2,000 tax refund and puts it all in a simple interest investment account paying a fixed return each year. After two years, the investment account is up to $2,500. What is the yearly simple interest rate?
A - 25%
B - 37.5%
C - 50%
D - 12.5%
Answers: 2
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