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Ned currently has a balance of 1,006.13 in an account he has had for 23 years. he opened the account with an initial deposit of $612. what is the simple interest rate on the acc…

Ned currently has a balance of 1,006.13 in an account he has had for 23 years. he opened the account with an initial deposit of $612. what is the simple interest rate on the acc…
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ned currently has a balance of 1,006.13 in an account he has had for 23 years. he opened the account with an initial deposit of $612. what is the simple interest rate on the account

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User Sparrow
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8.3k points

1 Answer

4 votes
1,006.13/23=43.47
43.47+612=$ 655.47
answered
User Mvcoile
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7.4k points
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