Jennifer's investment account balance grew from $400 to $432.76 in months. What annual rate of simple interest does her investment pay O 18.4% O 15% 21.3% O 19.7%
Jennifer's investment account balance grew from $400 to $432.76 in months. What annual rate of simple interest does her investment pay O 18.4% O 15% 21.3% O 19.7%
Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section: Chapter Questions
Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...
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Transcribed Image Text:Jennifer's investment account balance grew from $400 to $432.76 in 5
months. What annual rate of simple interest does her investment pay?
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