evelyn2016
evelyn2016 evelyn2016
  • 27-11-2016
  • Mathematics
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David invested $500 in a savings account for 4 years. At the end of 4 years, his savings account had $700 in it. If $500 represents P, the principal amount, which percent represents the annual simple interest rate (r) that David earned after the 4 year (t) period?

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Kkk0 Kkk0
  • 27-11-2016
That would be at a 10%.
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