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3 years ago

11

You deposit $2,000 in an account. The account earns $600 simple interest in 8 years. What is the annual interest rate? Round you

r answer to the nearest whole percent.

1 answer:

Helen [10]3 years ago

8 0

$600= 30%
$2000x1.03^8
$2533.54
2533.54/2000
ansx100
127%

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