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OpenStudy (selena2345):
You deposit $150 into a savings account that pays simple interest. After 2 years you have $165. What is the annual rate of interest ?
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OpenStudy (anonymous):
here. .
OpenStudy (anonymous):
considering that the amount due is 165 and the principal amount is 150, therefor there is an increase of 15. . to find the rate divide 15 by 150, then multiply to 100
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