Mathematics, 07.11.2021 20:00 crobinson5087

Sophie deposited $12,000 in an account that earned simple interest annually. - She did not make additional deposits; she did not make withdrawals.

-At the end of 4 years, the balance was $14,040.

What is the interest rate on this account?

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Sophie deposited $12,000 in an account that earned simple interest annually. - She did not make additional deposits; she did not make withdrawals. -At the end of 4 years, the balance was $14,040. What is the interest rate on this account?

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Another question on Mathematics

Sophie deposited $12,000 in an account that earned simple interest annually. - She did not make additional deposits; she did not make withdrawals.

-At the end of 4 years, the balance was $14,040.

What is the interest rate on this account?