An account had an initial deposit made and then interest was applied once a year at a fixed rate. the amount of money, in dollars, in the account after t years, was 103(1.02) t . what was the annual interest rate?

20

step-by-step explanation:

answer

d. 10

explanation

the distance from point y to wx is the height of the triangle.

using pythagoras theorem,

group similar terms to get,

this implies that,

take positive square root of both sides to get,

this implies that,