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What is the interest rate on a savings account of $10,000 that earns $2,000 after 4 years?
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3 votes
What is the interest rate on a savings account of $10,000 that earns $2,000 after 4 years?

User Jona
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1 Answer

6 votes
6 votes

Answer:

5%

Explanation:

2000/4=500 per year in interest

500/10000=.05 or 5%

User LamdaComplex
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