Mathematics, 06.04.2021 23:50 jboii11

Simple and compound interest Jorge opened an account with a deposit of $1,250.

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 $2,000.

What is the annual interest rate on this account?

Answers: 3

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Simple and compound interest Jorge opened an account with a deposit of $1,250.

The acco...

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More questions: Mathematics Another questions

Simple and compound interest Jorge opened an account with a deposit of $1,250. 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 $2,000. What is the annual interest rate on this account?

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Another question on Mathematics

Simple and compound interest Jorge opened an account with a deposit of $1,250.

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 $2,000.

What is the annual interest rate on this account?