Margaret currently has a balance of $7726.99 in an account earning simple interest. sixteen years ago she opened the account with an initial deposit of $5278. What is the interest rate on the account?

Margaret currently has a balance of $7726.99 in an account earning simple interest. sixteen years ago she opened the account with an initial deposit of $5278. What is the interest rate on the account?

a. 2.0%
b. 9.2%
c. 2.9%
d. 6.3%

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Margaret currently has a balance of $7726.99 in an account earning simple interest. sixteen years ago she opened the account with an initial deposit of $5278. What is the intere…

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