poohbear222002 poohbear222002

15-10-2020
Mathematics

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Sheri invests $10,000 in a simple interest account for 8 years. What
interest rate must the account pay so she earns $2,000 in 8 years? *

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Respuesta :

mathstudent55 mathstudent55

15-10-2020

Answer:

2.5%

Step-by-step explanation:

Simple interest:

I = prt

2000 = 10,000 * r * 8

r = 0.025

r = 2.5%

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