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12-11-2018
Mathematics

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Jennifer made $72 in interest by placing $600 in a savings account with simple interest for 1 year. What was the interest rate?

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10simbahunde 10simbahunde

12-11-2018

600(1+(r x 1)) - 600=72

600(1+r)=672

1 +r = 672/600

r = (672/600)-1

r= 3/25

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