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valkas [14]
3 years ago
13

Jennifer made $72 in interest by placing $600 in a savings account with simple interest for 1 year. What was the interest rate?

Mathematics
1 answer:
butalik [34]3 years ago
4 0

600(1+(r x 1)) - 600=72

600(1+r)=672

1 +r = 672/600

r = (672/600)-1

r= 3/25

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