Question: How to solve BlastCo has $ 4 0 , 0 0 0 to deposit into an account that pays 5 % simple interest at the

How to solve BlastCo has $40,000 to deposit into an account that pays 5% simple interest at the end of each year. If BlastCo wants to have the account balance at $43,000 after 4 years, what interest rate must it earn? (3 marks)

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