ae14475 ae14475

13-04-2018
Mathematics

contestada

ou put $5000 in an account. The account earns $2250 simple interest in 10 years. What is the annual interest rate?

The annual interest rate is
%.

Respuesta :

14-04-2018

2250 ÷ 10 years = 225 per year
simply interest does not compound. It is just a set amount every year.

225/2250 = 1/10
10% simple interest per year

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