For graduation, Kennedy received $3000 in cash at her graduation party. She deposits the money in her local bank and aft
Posted: Tue Apr 26, 2022 11:08 am
For graduation, Kennedy received $3000 in cash at her graduation
party. She deposits the money in her local bank and after 2 years
she had $3218 for a down payment on a new car. What was the simple
annual interest rate that Kennedy received on her deposit? Enter
solution as a percentage rounded to two decimal places, i.e.:
0.1885 to 18.85%.
party. She deposits the money in her local bank and after 2 years
she had $3218 for a down payment on a new car. What was the simple
annual interest rate that Kennedy received on her deposit? Enter
solution as a percentage rounded to two decimal places, i.e.:
0.1885 to 18.85%.