Mathematics, 13.04.2021 18:10 kalibaby

Michael deposited $2000 into a simple interest savings account. In eight years, he has a total of $2520 in his account. What interest rate did the bank give
Michael when he opened his account?
a. 2.5%
b. 3.75%
C. 3.25%
d. 2.25%

Answers: 3

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Michael deposited $2000 into a simple interest savings account. In eight years, he has a total of $2520 in his account. What interest rate did the bank give Michael when he opened his account? a. 2.5% b. 3.75% C. 3.25% d. 2.25%

Answers

Another question on Mathematics

Michael deposited $2000 into a simple interest savings account. In eight years, he has a total of $2520 in his account. What interest rate did the bank give
Michael when he opened his account?
a. 2.5%
b. 3.75%
C. 3.25%
d. 2.25%