ryliethomas8
ryliethomas8 ryliethomas8
  • 21-12-2021
  • Mathematics
contestada

Terry deposits a principal amount of $500 in a savings account that earns an annual rate of a simple interest. if he makes no deposits or withdrawals, he will earn $40 in simple interest in 4 years. What is the annual rate of simple interest?

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mercedescreech
mercedescreech mercedescreech
  • 21-12-2021

Answer

$540

Step-by-step explanation:

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