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Four years ago, ZXY deposited $2,820 in an account that has earned and will earn 15.00 percent per year in compound interest. If CBA deposits
Four years ago, ZXY deposited \$2,820 in an account that has earned and will earn 15.00 percent per year in compound interest. If CBA deposits $3,810 in an account today that earns simple interest, then how much simple interest per year must CBA earn to have the same amount of money in 8 years from today as ZXY will have in 8 years from today? Answer as an annual rate. 19.05% (plus or minus .05 percentage points) 15.80% (plus or minus .05 percentage points) 37.00% (plus or minus 05 percentage points) 40.25% (plus or minus 05 percentage points) None of the above is within 05 percentage points of the correct
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