IP1U8 8.3.4 PN1 Q2

IP1U8 8.3.4 PN1 Q2

TGM Original Questions

Jane deposited \(\$2000\) in a savings account that earns simple interest. After \(3\) years, the total amount in her account is \(\$2300\). Find the annual interest rate of the account.

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Answer:\(5\%\)

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