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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?
 2 years ago
 2 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?
 2 years ago
 2 years ago

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lexussmi12Best ResponseYou've already chosen the best response.1
So the interest rate is 8.5%
 2 years ago

mel1989Best ResponseYou've already chosen the best response.0
how did you get that answer though
 2 years ago

lexussmi12Best ResponseYou've already chosen the best response.1
http://www.algebra.com/algebra/homework/quadratic/Quadratic_Equations.faq.question.155377.html
 2 years ago
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