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When Angela turned 10, her parents deposited $5,000 in a college fund for her. When Angela enrolled in college at 18, her account had $6,800 to help pay her expenses. If the account paid simple interest,
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When Angela turned 10, her parents deposited $5,000 in a college fund for her. When Angela enrolled in college at 18, her account had $6,800 to help pay her expenses. If the account paid simple interest, what was the annual interest rate?

User Brad Ackerman
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2 Answers

4 votes

Answer:

4.5%

Explanation:

User PhilHoy
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7.6k points
4 votes

Answer:

4.5%

Explanation:

User ReTs
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8.1k points
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