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Simplewarrior
Simplewarrior Simplewarrior
  • 27-02-2017
  • Mathematics
Answered

You invested $2,000 in a simple interest account. The balance after 8 years is $2,720. What is the interest rate?

Verified Answer :

BobmcMob BobmcMob
  • 27-02-2017

2000 times (1+x)^8 = 2782

Answer is x times 100

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