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25 April, 16:36

You put $5,000 in a simple interest account at a bank. You will earn $1,200 in just 4 years. What is the annual interest rate for the account?

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  1. 25 April, 18:22
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    1200 = 5000*4r

    1200/20000 = r =.06 0r 6%
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