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Raul deposited $3000 into a bank account that earned simple interest each year. After 3.5 years, he had earned $262.50 in interest. If no money was deposited into or withdrawn from the account, what was
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Raul deposited $3000 into a bank account that earned simple interest each year. After 3.5 years, he had earned $262.50 in interest. If no money was deposited into or withdrawn from the account, what was the annual interest rate?

User Gilzero
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2 Answers

2 votes

Answer:

its 42

Explanation:

User Digdog
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8.2k points
5 votes
The answer should be 42
User Marcus Borkenhagen
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8.1k points
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