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OpenStudy (anonymous):
Abraham currently has a balance of $3,075.21 in an account he has held for 13 years. He opened the account with an initial deposit of $2,152. What is the simple interest rate on the account?
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OpenStudy (anonymous):
2152 * (1+x)^13 = 3075.21, solve for x
OpenStudy (anonymous):
oh thank you so much for helping me out man or woman lol is it 0.0278401
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