document.write( "Question 1101733: a savings account is set up so that the simple interest earned on the investment is moved into a seperate checking account at the end of each year if an investment of $2000 accumulation $330 of interest in the checking account after 3 years what is the annual simple interest rate
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Algebra.Com's Answer #716326 by greenestamps(13200)\"\" \"About 
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\n" ); document.write( "With this arrangement, interest is not compounded. So if $330 of interest is earned in 3 years, the yearly interest is $110.

\n" ); document.write( "Then the interest rate is \"110%2F2000+=+.055\"

\n" ); document.write( "The interest rate is .055, or 5.5%.
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