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masya89 [10]
2 years ago
15

Dr. Nefario put $5000 in the bank and left it there for 6 months. What simple interest rate would he need to have in order to ha

ve made $50 at then end of 6 months?
Mathematics
2 answers:
professor190 [17]2 years ago
8 0
Ok I just need a ride home from school and I’m not getting a hold on
Sonja [21]2 years ago
7 0

Answer: The interest rate is .166%

Step-by-step explanation:

So what I did was divide $50(Amount at the end) by 6 (the number of months). Which would give me the amount of money he made per month ($8.333...). So then $8.333.../$5000(Total $) is .166...% (Interest rate)

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