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ycow [4]
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 If no money was deposited or withdrawn from the account what was the annual interest rate?
Mathematics
1 answer:
Vesna [10]3 years ago
4 0
Answer is 6.25 percent per year.
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