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13-02-2021
Mathematics

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You deposit $300 in an account that account and $54 simple interest in for years what is the annual interest rate

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14-02-2021

Answer:

principal=$300

time=1 year

simple interest=$54

rate=?

Step-by-step explanation:

rate=(simple interest×100)/(principal×time)=(54×100)(300×1)=5400/300=54/3=18% is rate

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