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hram777 [196]
3 years ago
15

HELP ME:Malik deposited $1,050 in a savings account, and it earned $241.50 in simple interest after four years. Find the interes

t rate on Malik's savings account.
Mathematics
1 answer:
MaRussiya [10]3 years ago
4 0
To convert these numbers to a percent, divide the subset by the total, then multiply by 100.
$241.50 (subset) divided by $1,050 (total)
Is 0.23. Next, multiply the quotient (0.23) by 100 to get your answer.
0.23*100 = 23.
The interest rate would be 23%.
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