SOLUTION: you deposited $5000 in an account and after 5 years it was worth $7000. what interest rate did you earn?

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Question 929072: you deposited $5000 in an account and after 5 years it was worth $7000. what interest rate did you earn?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
IF simple Interest
2000 = 5000(r)(5yrs
100%282000%2F25000%29 = r = 8% Interest