Answer:
4-6 is 2 and 3-7 is 4
Step-by-step explanation:
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Answer:
4%
Step-by-step explanation:
The simple interest formula can be used.
I = Prt
where r is the annual rate and t is the number of years.
1/5 = 1·r·5
(1/5)/5 = r = 1/25 · 100% = 4%
The rate is 4%.