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Mathematics, 07.04.2021 06:10 amiramoonbeam

Jorge opened an account with a deposit of $1,250. The account earned annual simple interest.
He did not make any additional deposits or withdrawals.
At the end of 4 years, the balance of the account was $2,000.
What is the annual interest rate on this account?

A) 10%

B) 12%

C) 15%

D) 13%

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Answers: 1

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Jorge opened an account with a deposit of $1,250. The account earned annual simple interest.
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