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mel1989

  • 4 years ago

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?

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  1. lexussmi12
    • 4 years ago
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    So the interest rate is 8.5%

  2. mel1989
    • 4 years ago
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    how did you get that answer though

  3. lexussmi12
    • 4 years ago
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    hello got it

  4. mel1989
    • 4 years ago
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    yeah thx

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