Mathematics, 04.11.2020 22:40 ityeoboy2210

Sophie deposited $12,000 in an account that earned simple interest annually. - She did not make additional deposits; she did not make withdrawals.

-At the end of 4 years, the balance was $14,040.

What is the interest rate on this account?

Answers: 1

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Sophie deposited $12,000 in an account that earned simple interest annually. - She did not make add...

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More questions: Mathematics Another questions

Sophie deposited $12,000 in an account that earned simple interest annually. - She did not make additional deposits; she did not make withdrawals. -At the end of 4 years, the balance was $14,040. What is the interest rate on this account?

Answers

Another question on Mathematics

Sophie deposited $12,000 in an account that earned simple interest annually. - She did not make additional deposits; she did not make withdrawals.

-At the end of 4 years, the balance was $14,040.

What is the interest rate on this account?