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vredina [299]
3 years ago
7

Andreas invested $1000 in savings account. After 4 years, the account had earned a total of $112 simple interest without any add

itional deposits. What was his interest rate.
Mathematics
1 answer:
belka [17]3 years ago
8 0
R = 112/1000 x 4 = 0.028 x 100 (find percentage) = 2.8%
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