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02-09-2021
Mathematics

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$300 is deposited into a bank account earning simple interest, 4 years later you have earned $150 of interest.
What is the interest rate written as a percent?

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02-09-2021

Answer:

50%/4 years

Step-by-step explanation:

300/150

= 150 : 30/300 : 30

= 50/100

= 50%/4 years

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