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Mathematics 22 Online
OpenStudy (anonymous):

Ned currenly has a balance of $1,006.13 in an acount he has held for 23 years he opened the account with an initial deposit of $612 what is the simple interest rate on the account

OpenStudy (tkhunny):

I = P*r*t -- Every time. P = $612.00 t = 23 How do you find "I"? It's in the problem statement.

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