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10 June, 09:23

You put $500 in a savings account. The account earns $15.75 simple interest in 6 months. What is the annual interest rate? Show work step by step.

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  1. 10 June, 09:44
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    Just figure out what percent 30.50 is of 500 and that will be your answer

    15.75 x2 is 12 months
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