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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?

1 answer:

Sav [38]3 years ago

4 0

<span>1200 = 5000*4r
1200/20000 = r = .06 0r 6%</span>

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