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10. The table shows the amount in a simple interest account. Time (years) 0 1 2 3 4 Amount ($) 100 108 116 124 132 What is the annual rate of simple interest? How do you know?

10. The table shows the amount in a simple interest account. Time (years) 0 1 2 3 4 Amount ($) 100 108 116 124 132 What is the annual rate of simple interest? How do you know?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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10. The table shows the amount in a simple interest account. Time (years) 0 1 2 3 4 Amount ($) 100 108 116 124 132 What is the annual rate of simple interest? How do you know?
Transcribed Image Text:10. The table shows the amount in a simple interest account. Time (years) 0 1 2 3 4 Amount ($) 100 108 116 124 132 What is the annual rate of simple interest? How do you know?
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