Terry deposit of $520 into your bank account that run simple interest each year after five years she had earned $156 in interest if no money was deposited into or withdrawn from the account what was the annual interest rate

Question

Anthony Moreno

Mathematics

6 October, 18:05

Terry deposit of $520 into your bank account that run simple interest each year after five years she had earned $156 in interest if no money was deposited into or withdrawn from the account what was the annual interest rate

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Nola Ray · Answer 1

If Terry earned $156 after five years, divide 156 by 5 to see how much Terry earned annually each year. Do this and you should get $31.20 dollars each year.