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vodka [1.7K]
1 year ago
15

rick deposited $6200 in a savings account with simple interest. three years later, the account held $7130 what was the interest

rate
Mathematics
1 answer:
Law Incorporation [45]1 year ago
8 0

1) Gathering the data

P=$6200

F=7310

t= 3 yrs

2) Since it is a simple interest, it is a linear application. So we can find it using this formula:

undefined

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