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29 March, 22:06

You put 10,000 in a simple interest account at a bank. You will earn $1,8000 in just 4 years. What is the annual interest rate for the account?

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  1. 29 March, 22:09
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    18,000-10,000=8,000

    10,000*.8=8,000

    10,000+8,000=18,000

    Therefore,.8 or 8% is the annual interest rate
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