Mathematics, 11.05.2021 01:50 williamwu2750
Phil receives a $2,000 tax refund and puts it all in a simple interest investment account paying a fixed return each year. After two years, the investment account is up to $2,500. What is the yearly simple interest rate?
Choices:
A. 12.5%
B. 25%
C. 37.5%
D. 50%
Answers: 1
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