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4 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?

1 answer:

ycow [4]4 years ago

4 0

The answer is about 1.09....

900x=980

980/900

1.088

so about 9%

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