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Malik deposited $1,050 in a savings account, and it earned $251.50 in simple interest after four year. S Find the interest rate on Malik's savings account

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  1. 5 May, 14:11
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    if it's true simple interest then each year's interest is the same so interest for one year is a quarter of 241.50 which give you the rate but if each year's interest in left in the account the result will be different, it is a really poorly worded question
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