Mathematics, 09.04.2021 18:40 Tirone
Mr. Brown opened a new account with a deposit of $4,000.
- The account earned annual simple interest.
- He did not make any additional deposits or withdrawals.
- At the end of 4 years, the balance was $4,400.
What is the annual interest rate on this account?
5%
2.5%
10%
7.5%
Answers: 1
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Mr. Brown opened a new account with a deposit of $4,000.
- The account earned annual simple interes...
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