omatt246 omatt246

02-03-2020
Mathematics

contestada

NEED ASAP!!
using simple interest rate formula- mandy deposited 600 into an account that earns simple interest and after 4 years the value of the account was 672$ what was the simple interest rate?

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aubreycourt1785 aubreycourt1785

02-03-2020

Answer:

The simple interest rate is 3%

Step-by-step explanation:

Every year, $18 is added to the deposit. 3% of 600 is 18.

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