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11 September, 15:34

Ou 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. 11 September, 15:59
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    Use the formula I=Prt

    1200=5000*4r

    1200/20000=r = 0.06 or 6% interest

    Have a nice day : D
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