document.write( "Question 1104430: you put 1500 in a simple interest savings account two years later the total account balance is 1665 what is the interest rate of the savings account
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Algebra.Com's Answer #719221 by josgarithmetic(39617) $\"\"$ $\"About$

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Compounding or not?\r
\n" ); document.write( "\n" ); document.write( "Assuming no compounding:\r
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\n" ); document.write( "\n" ); document.write( " $\"1500%2B1500r%2B1500r=1665\"$
\n" ); document.write( " $\"1500%2B3000r=1665\"$
\n" ); document.write( " $\"3000r=165\"$
\n" ); document.write( " $\"r=165%2F3000\"$ \r
\n" ); document.write( "\n" ); document.write( " $\"r=0.055\"$ \r
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\n" ); document.write( "\n" ); document.write( "5.5% simple interest per year, for two years \n" ); document.write( "

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