sim2004
23.03.2021 •
Mathematics
Hurr please- Caleb deposited $4,000 in an account that earned simple interest annually,
- He did not make additional deposits nor withdrawals.
-At the end of 5 years, the balance was $5,200.
What is the interest rate on this account?
Answer choice
A: 1.4%
B : 6%
C: 5 %
D : 3 %
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