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14 March, 19:52

Item 11 an account earns simple interest. find the annual interest rate. i = $30 p = $250 t = 3 years

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  1. 14 March, 23:00
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    I = P x R x T

    30 = 250 x R x 3

    30 = 750R

    30/750 = 750R/750

    R = 0.04

    R = 4%
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