Augie's savings account pays simple interest. He began with a deposit of $2,000; at the end of one year, he had earned $80 in interest. Find the interest rate on the account.

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The Answer of Augie's savings account pays simple interest. He began with a deposit of $2,000; at the end of one year, he had earned $80 in interest. Find the interest rate on the account.

Augie's Savings Account Pays Simple Interest