00059196 00059196

12-02-2021
Mathematics

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You deposit $300 in an account. The account earns $54 simple interest in 4 years. What is the annual interest rate?

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Gruumsh Gruumsh

12-02-2021

Answer:

The annual simple interest is 4.5%

Step-by-step explanation:

54/4= 13.5

13.5/300= 0.045

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