SOLUTION: A business invests $8000 in a savings account for two years. At the beginning of the second year, an additional $2,500 is invested. At the end of the second year, the account balan
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Question 199405: A business invests $8000 in a savings account for two years. At the beginning of the second year, an additional $2,500 is invested. At the end of the second year, the account balance is $11,445. What was the annual interest rate? Answer by rfer(16322) (Show Source):
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