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16-03-2022
Mathematics

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put $1000 in an account the account earns $100 simple interest in four years what is the annual interest rate

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kamycastro kamycastro

16-03-2022

You need to divide 100/4= 25, multiply 25 x 100= 2500, divide 2500/1000= 2.5%
Answer: 2.5%

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