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Mathematics, 20.12.2020 02:20 jdkrisdaimcc11

Elicia opened an account with a deposit of $2,000. The account earned annual simple interest. She did not make any additional deposits or withdrawals. At the end of 8 years, the balance of the account was $3,040. What is the annual interest rate on this account? 5.4% 5.4% 7.2% 7.2% 6.5% 6.5% 2.9%

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