jakethesnake2315 jakethesnake2315

22-11-2019
Mathematics

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If you put $15000 in the bank for 6 years and earned 3375$ in interest what is the interest rate

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Ifychyibe Ifychyibe

23-11-2019

Answer:

Step-by-step explanation:

Simple interest= Principal×Time ×Rate/100

Rate= $3375×100/$15000×6

Rate=3.75%

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