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3 years ago

11

Raul deposited $3000. Into a checking account that earned simple interest rate each year. After 3.5 years he earned $262.50 in i

nterest. If no money was deposited or withdrawn from the account what was the annual interest rate?

1 answer:

Vesna [10]3 years ago

4 0

Answer is 6.25 percent per year.

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