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Mathematics, 10.03.2021 20:10 GlitterGayness

Peng opened a savings account with a deposit of $15,000. The account earned simple interest.
He did not make any additional deposits or withdrawals.
At the end of 5 years, the account balance was $15,450.
What is the annual interest rate on this account?

0.2%

0.4%

0.6%

0.8%

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Peng opened a savings account with a deposit of $15,000. The account earned simple interest.
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