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Mathematics 56 Online
OpenStudy (anonymous):

Maria has a savings account that is earning simple interest. If she started with $200 in the account and has earned a total of $8 in interest in two years, what is the rate of the account?

OpenStudy (anonymous):

I=prt p=200 t= 2 I=8 r=? I/pt=r Plug in and solve^

OpenStudy (anonymous):

8/200 = 4% in two years or 2% per year

OpenStudy (anonymous):

Thx

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