Question

A bank account has a beginning balance of $460.00. After 6 months, the balance in the account has increased to

$465.75. What interest rate is being earned annually on this account?

Answer 1

****************DISCLAIMER****************

might not be right, im pretty sure tho

Answer:

the annual interest return rate is .025 i believe.

Explanation:

after 6 months the money increased by 5.75 bucks.

the 6 month return rate was .0175, so double that to get the annual rate.