Ni7cocoopjele Ni7cocoopjele

01-03-2017
Mathematics

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Hassan deposited $7,500 into a bank account. at the end of 3 years, the account had earned $900 in simple interest. what rate of interest did the account earn per year

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Aliwohaish12 Aliwohaish12

02-03-2017

R=i/pt
R=900/3*7500=0.04*100=4%

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