Math0193 Math0193

27-11-2017
Mathematics

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A deposit of $3000 becomes $3810 after 6 years. What is the simple interest rate on the account?

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musiclover10045 musiclover10045

27-11-2017

3810-3000 = 810

810/6 = 135

135/3000 = 0.045 = 4.5% interest rate

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