SOLUTION: Freddie deposits into a simple interest bank account for 4 years. After 3 years the account balance is $485. What is the interest rate on the account?

SOLUTION: Freddie deposits into a simple interest bank account for 4 years. After 3 years the account balance is $485. What is the interest rate on the account?

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Question 874766: Freddie deposits into a simple interest bank account for 4 years. After 3 years the account balance is $485. What is the interest rate on the account?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
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