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Ms, Garza opened an account with a deposit of $5,000. The account earned annual simple interest. She did not make any additional deposits or withdrawals. At the end of 4 years, the balance of the account was $6,500.

What is the annual interest rate on this account?

User Jerzy Kiler
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1 Answer

8 votes
8 votes
Your answer is going to 7.5%
User Glosrob
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