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26 October, 13:42

Han has 410,000 in a retirement accounts that earns 15,785 each year find the simple interest rate for this investment

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  1. 26 October, 14:11
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    The simple interest rate on this investment is. 0385 or 3.85%:

    Interest = principle * rate * time

    I=prt

    r=I / (pt) = 15785 / (410,000*1) =.0385
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