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kfoster kfoster
  • 30-11-2016
  • Mathematics
Answered

Maria earned $126 in simple interest from her savings account. If she invested $450 for 7 years, what was the interest rate?

4%


4.5%


3.5%


5%

Verified Answer :

Anonymous Anonymous
  • 30-11-2016

answer is 4%

450 7 i = 126
3150 i = 126
i = 126/3150
i = 0.04

0.04 = 4%

Answer Link
bebey bebey
  • 30-11-2016

4% will be the answer

Answer Link

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