document.write( "Question 732319: Tela invests $1500 in a year certificate of deposit. At the end of 1 year, her balance is $1530. What is the simple annual interest rate? \n" ); document.write( "

Algebra.Com's Answer #852912 by ikleyn(53521) $\"\"$ $\"About$

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\n" ); document.write( "Tela invests $1500 in a year certificate of deposit. At the end of 1 year, her balance is $1530.
\n" ); document.write( "What is the simple annual interest rate?
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document.write( "The simple interest is   =  = 0.02*100 = 2%.    ANSWER\r\n" );
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\n" ); document.write( "\n" ); document.write( "Solved.\r
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\n" ); document.write( "\n" ); document.write( "The answer in the post by @lynnlo is incorrect.\r
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\n" ); document.write( "\n" ); document.write( "Simply ignore his post.\r
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