btcs2002 btcs2002

10-03-2017
Mathematics

contestada

You 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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PeachSarang PeachSarang

10-03-2017

1200 = 5000*4r
1200/20000 = r = .06 0r 6%

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