arielve1rkat arielve1rkat

30-04-2017
Mathematics

contestada

Ou put $5,000 in a simple interest account at a bank. you will earn $1,200 in just 4 years. what is the annual interest rate for the account

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charlottekrist charlottekrist

30-04-2017

Use the formula I=Prt
1200=5000*4r
1200/20000=r = 0.06 or 6% interest
Have a nice day :D

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