Bella has an initial deposit of $1500. After 4 years, she now has $1716. What is the interest rate?

Sachin Malhotra asked Jun 6, 2022

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Sachin Malhotra asked Jun 6, 2022

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13 votes

The interest rate is $54 because it went up $216 in 4 years and 216 divided by 4 is 54.

Fan Jin answered Jun 12, 2022

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