Ellen deposited $500 into an account and two years later she had $561.80 in the account.What interest rate was paid on Ellen's deposit?
A)4.88 percent
B)6.00 percent
C)12.36 percent
D)None of the above is correct.

Question

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The Answer of Ellen deposited $500 into an account and two years later she had $561.80 in the account.What interest rate was paid on Ellen's deposit?
A)4.88 percent
B)6.00 percent
C)12.36 percent
D)None of the above is correct.

Ellen Deposited $500 into an Account and Two Years Later