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11-05-2020
Mathematics

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Amy deposited $625 into an account that earns simple interest, and after 12 years the interest in the account was $675. What was the Simple Interest Rate?

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ldapper ldapper

11-05-2020

Answer:

The interest rate is $4.16 per year.

Step-by-step explanation:

You subtract 25 from 75 and you get 50. You divide 50 by 12 and then you get 4.16, and that is your answer.

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