Giving Brainliest!
(This is very easy!)

Miss Gonzales opened an account with a deposit of $2,000. The account earned annual simple interest. She did not make any additional deposits or withdrawals. At the end of 6 years, the balance of the account was $2,696. What is the annual interest rate on this account ?

Question

06-04-2022
Mathematics

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Giving Brainliest!
(This is very easy!)

Miss Gonzales opened an account with a deposit of $2,000. The account earned annual simple interest. She did not make any additional deposits or withdrawals. At the end of 6 years, the balance of the account was $2,696. What is the annual interest rate on this account ?

Sagot :

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