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A bank account has a beginning balance of $560.00. After 6 months, the balance in the account has increased to $572.60. What interest rate is being earned annually on this account?

Respuesta :

572.60
-560.00
=12.6
Then divide 12.6 by 6 and your answer would be $2.10 annually
Demmo
Well here are all the factors of 572 : 1,2,4,11,13,22,26,44,52,143,286,572.
So right off the bat take the #'s that are not going to equal more than 6x,so 1,2,4,11,13,22,26, all go.

No all you have is 44,52,143,286,now multiply one of them by six and you should get your answer.

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