Aaliyah's account earn's a simple interest of 4.8%.
Since Aaliyah invests money in an account paying simple interest, and no money is added or removed from the investment, and to find the balance after a year, she multiplies her current balance by 1.048, to determine what percent simple interest does the account earn per year the following calculation must be performed:
Therefore, Aaliyah's account earn's a simple interest of 4.8%.
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