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2 years ago

14

suppose felino deposited $1500 in the bank for 3 years. he makes $112.50 in simple interest at the end of the 3 years. find the

annual interest rate

1 answer:

Colt1911 [192]2 years ago

6 0

Answer:
2.5%
Step-by-step explanation:
Simple interest=Deposit×Rate/100×Time
112.50=1500×R/100×3
112.50/45=45R/45
R=2.5%

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2 years ago

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3 years ago

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Step-by-step explanation:

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3 years ago

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Step-by-step explanation:

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2

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