ECONOMICS
COMPOUND INTEREST
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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?
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24%
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2.4%
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1.15%
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11.5%
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Explanation:
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