137k views
4 votes
Andy currently has a balance of $4,585.92 in an account he has held for 21 years. He opened the account with an initial deposit of $3,278. What is the simple interest rate on the account? (2 points)

a.1.9%
b.1.4%
c.4.8%
d.6.7%

1 Answer

3 votes

The closest answer I got was D. Add 4,585.92+3,278, because he initial deposited the money into the bank.

User Eduardo Scoz
by
8.7k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.