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19 May, 08:55

21%

Billy invests £800 for 5 years in a savings account.

By the end of the 5 years he has received a total of £96 simple interest.

Work out the annual rate of simple interest.

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Answers (1)
  1. 19 May, 10:20
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    2 2/5 % or 2.4% or 896
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