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vfiekz [6]
3 years ago
13

A bank offers simple interest on a certificate of deposit. Jaime invests $jaime invests $900 and after one year earns $80 in int

erest. What was the interest rate on the certificate of deposit?
Mathematics
1 answer:
ycow [4]3 years ago
4 0
The answer is about 1.09.... 

900x=980

980/900

1.088

so about 9%
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