mahibahmohammad36 mahibahmohammad36

24-02-2022
Mathematics

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$500 earn $30 interest in 5 years. Find the interest rate.
please show your steps!

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madilynnlipp47 madilynnlipp47

24-02-2022

1.2%

I=p•i•t
i=I/p•t
i=30/500•5
i=0.012=1.2% per year

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