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mel1989 Group Title

A business invests $10,000 in a savings account for two years. At the beginning of the second year, an additional $3500 is invested. At the end of the second year, the account balance is $15,569.75. What was the annual interest rate?

  • 3 years ago
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  1. lexussmi12 Group Title
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    So the interest rate is 8.5%

    • 3 years ago
  2. mel1989 Group Title
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    how did you get that answer though

    • 3 years ago
  3. lexussmi12 Group Title
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    http://www.algebra.com/algebra/homework/quadratic/Quadratic_Equations.faq.question.155377.html

    • 3 years ago
  4. lexussmi12 Group Title
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    hello got it

    • 3 years ago
  5. mel1989 Group Title
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    yeah thx

    • 3 years ago
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