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6 August, 09:36

if i deposit 600 on a bank account and after 6 years the balance is 618. what is my simple interest rate.

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  1. 6 August, 12:14
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    You would get $3 every year.

    That is because since you got $18 in 6 years you would need to divide 6 into 18 and you would get $3 every year
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