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22 October, 14:54

Ralph deposited $3,000 into a bank account that earn simple interest each year after 3.5years he had earn $226.50 and interest if no money was deposited into or withdrawn from the account what was the annual interest rate

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  1. 22 October, 15:36
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    r=0.02147=2.147%

    Step-by-step explanation:

    Interest=principal X interest rate X time (yearly)

    $226.50=$3000 * R * 3.5year

    r=0.02147=2.147%
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