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4 November, 20:15

Amy deposited $625 into an account that earns simple interest, and after 12 years the interest in the account was $675. What was the Simple Interest Rate?

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  1. 4 November, 20:36
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    The interest rate is $4.16 per year.

    Step-by-step explanation:

    You subtract 25 from 75 and you get 50. You divide 50 by 12 and then you get 4.16, and that is your answer.
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