Mr. Flores opened an account with a deposit of $5,000

Question

The account earned annual simple interest.
He did not make any additional deposits or withdrawals.
At the end of 4 years, the balance of the account was $6,500.

What is the annual interest rate on this account?

A) 5.8%
B) 7.5%
C) 3.3%
D) 1.9%

Answer 1

well, you know that
5000(1+4r) = 6500
so just find r

Answer 2

6500-5000=1500
1500=5000*r*4
Got the rest?

Answer 3

Whats the answer?

Answer 4

1.9