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OpenStudy (anonymous):
Question: 1 of 37: Alice earned $622.50 in interest on her savings in the bank. Before interest, the account had $12,450. What is the approximate percent she earned in interest?
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OpenStudy (anonymous):
Interest of $622.50 on $12,450 is an interest rate of 5%. To calculate, divide interest by principal: 622.5 / 12450 = 0.05 = 5%.
OpenStudy (anonymous):
ok great thank you :)
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