Question

Abel currently has a balance of $10,986.50 in an account he has held for 25 years. He opened the account with an initial deposit of $5,110. What is the simple interest rate on the account?

Answer 1

help please

Answer 2

i got 4.0%

Answer 3

is that the answer

Answer 4

i think you should go with the first second one

Answer 5

i mean go with the second one.

Answer 6

did u get 2.6%

Answer 7

yes, i re did it and it got 4.6.

Answer 8

%

Answer 9

?

Answer 10

A = P(1 + i)^25

109869(1+i)^25

Answer 11

i dnt knw how to do this ugghh

Answer 12

did u get the answers