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Kipish [7]
3 years ago
14

You 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 fo

r the account?
Mathematics
1 answer:
Sav [38]3 years ago
4 0
<span>1200 = 5000*4r
1200/20000 = r = .06 0r 6%</span>
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