Eloise deposits $250 into an account and one year later has $272.50. What interest rate was paid on Eloise's deposit?
A)8 percent
B)9 percent
C)10 percent
D)None of the above is correct.

Question

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The Answer of Eloise deposits $250 into an account and one year later has $272.50. What interest rate was paid on Eloise's deposit?
A)8 percent
B)9 percent
C)10 percent
D)None of the above is correct.

Eloise Deposits $250 into an Account and One Year Later