document.write( "Question 1140163: George invested $12550 for 5 years. After 5 years, he received a total amount of N$22500 from his investment. Calculate the annual rate at which interest was paid? \n" ); document.write( "

Algebra.Com's Answer #760662 by ikleyn(52788) $\"\"$ $\"About$

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document.write( "Since the problem says nothing about if the account is of simple interest or compound, I will assume, by default, \r\n" );
document.write( "that it is of simple interest. \r\n" );
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document.write( "Then the interest is equal to   = 15.857%.    ANSWER\r\n" );
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