Ivanna invested $7000 in a fund for 2 years and was paid simple interest. The total interest that she received on the investment was $420. As a percentage, what was the annual interest rate of her investment? If necessary, refer to the list of financial formulas. 0% X Ś
Ivanna invested $7000 in a fund for 2 years and was paid simple interest. The total interest that she received on the investment was $420. As a percentage, what was the annual interest rate of her investment? If necessary, refer to the list of financial formulas. 0% X Ś
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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![Ivanna invested $7000 in a fund for 2 years and was paid simple interest. The total interest that she received on the investment was $420. As a percentage,
what was the annual interest rate of her investment?
If necessary, refer to the list of financial formulas.
0%
S](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd2fdaf50-6f70-4f55-b09d-37a6ee56dfab%2F65c31f7a-c199-450c-89e2-e01784d41f49%2Fg54syn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ivanna invested $7000 in a fund for 2 years and was paid simple interest. The total interest that she received on the investment was $420. As a percentage,
what was the annual interest rate of her investment?
If necessary, refer to the list of financial formulas.
0%
S
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