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12 December, 01:11

Han has $410,000 in a retirement account that earns 15,785 each year. Find the simple interest rate for investment?

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  1. 12 December, 03:21
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    the simple interest rate on this investment is. 0385 or 3.85%:

    Interest = principle * rate * time

    I=prt

    r=I / (pt) = 15785 / (410,000*1) =.0385
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