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balu736 [363]
3 years ago
5

Ou put $5,000 in a simple interest account at a bank. you will earn $1,200 in just 4 years. what is the annual interest rate for

the account
Mathematics
1 answer:
Ray Of Light [21]3 years ago
8 0
Use the formula I=Prt
1200=5000*4r
1200/20000=r = 0.06 or 6% interest
Have a nice day :D
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Step-by-step explanation:

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