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?
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
($)
100
108
116
124
132
What is the annual rate of simple interest? How do you know?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fde24d8a6-50dc-4080-850d-249835a4e10e%2Fba139338-2603-4e35-a2f6-d3872c255227%2Ffudvbsr_processed.png&w=3840&q=75)
Transcribed Image Text:10. The table shows the amount in a simple interest account.
Time
(years)
0
1
2
3
4
Amount
($)
100
108
116
124
132
What is the annual rate of simple interest? How do you know?
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