Get the information you need quickly and easily with IDNLearn.com. Discover comprehensive answers to your questions from our community of knowledgeable experts.
Eight years after opening her savings account, Macy had $7,880 in the account which earns annual simple interest. If Macy started with $5,000 in her account and did not make any additional deposits or withdrawals, what was the approximate annual interest rate on the savings account?
7.2%
4.5%
8%
19.7%
We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Find the answers you need at IDNLearn.com. Thanks for stopping by, and come back soon for more valuable insights.
