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Abel currently has a balance of $10,986.50 in an account he has held for 25 years. He opened the account with an initial deposit of $5,110. What is the simple interest rate on t…

Abel currently has a balance of $10,986.50 in an account he has held for 25 years. He opened the account with an initial deposit of $5,110. What is the simple interest rate on t…
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Abel currently has a balance of $10,986.50 in an account he has held for 25 years. He opened the account with an

initial deposit of $5,110. What is the simple interest rate on the account?
A. 4.0%
B. 2.1%
C.8.6%
D.4.6%

User EGlu
by
7.4k points

1 Answer

1 vote
The answer would be B
User DarkMatter
by
7.9k points
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