Mathematics, 10.03.2021 21:40 Marcusds2

Mary opened a savings account with a deposit of $18,000. The account earned simple interest.
He did not make any additional deposits or withdrawals.
At the end of 6 years, the account balance was $18,756.
What is the annual interest rate on this account?

0.6%

0.7%

4.1%

4.2%

Answers: 2

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More questions: Mathematics Another questions

Mary opened a savings account with a deposit of $18,000. The account earned simple interest. He did not make any additional deposits or withdrawals. At the end of 6 years, the account balance was $18,756. What is the annual interest rate on this account? 0.6% 0.7% 4.1% 4.2%

Answers

Another question on Mathematics

Mary opened a savings account with a deposit of $18,000. The account earned simple interest.
He did not make any additional deposits or withdrawals.
At the end of 6 years, the account balance was $18,756.
What is the annual interest rate on this account?

0.6%

0.7%

4.1%

4.2%