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3 years ago

9

You deposited $4500 dollars in a savings account that earns a simple interest rate. What interest rate do you need to be paid, i

f you require $5445 after 7 years.

1 answer:

irina [24]3 years ago

7 0

5445 = 4500 i * 7
5445 = 31500i
i = 5445/31,500
i = 0.1729

i = 17.29%

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Step-by-step explanation:

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