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3 years ago

11

Mikayla opens a savings account with a principal balance of $3,000. After 5 years, she earns $450 in interest. Using the equatio

n I=prt, where I=interest, p= principal, r=rate, and t=time.
What is the interest rate on Mikayla's account after 5 years?

2 answers:

Step2247 [10]3 years ago

6 0

L=prt=3000*450*5=6750000

Hope this help!

Paul [167]3 years ago

5 0

After 5 yrs her interest is $337.50

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