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Arte-miy333 [17]

3 years ago

13

Five years ago, Ruth made a deposit of $500 into a savings account that pays simple interest. She made no further deposits, and

now her account is worth $750. What was the rate of interest per year?

1 answer:

OlgaM077 [116]3 years ago

5 0

The answer would be $50 per year.

$750-$500=$250

$250/5 years= $50 per year.

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