100 COINS + BRAINLIEST IF U GIVE EXPLINATION


Mary opened a savings account with a deposit of $18,000.


The account earned simple interest.

He did not make any additional deposits or withdrawals.

At the end of 6 years, the account balance was $18,756.

What is the annual interest rate on this account?



0. 6%


0. 7%


4. 1%


4. 2%