ECONOMICS (CBSE/UGC NET)

ECONOMICS

COMPOUND INTEREST

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Ann deposited $2, 500 in an account earning simple interest 8 years ago. The account has a total balance of $4, 800. What was the simple interest rate for her account?
A
24%
B
2.4%
C
1.15%
D
11.5%
Explanation: 
There is 1 question to complete.