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3 years ago

11

Lily deposited $500 in a savings account. At the end of 1 year, she had earned $20 in simple interest. What interest rate did sh

e receive?

2 answers:

rjkz [21]3 years ago

7 0

X/100 *500 = 20

500/100x = 20

5x = 20

x = 4 %

zhannawk [14.2K]3 years ago

4 0

Your answer for this question is 4%

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