You invested $3000 in a savings account that earns simple interest. After 15 years you had earned $225 in interest. What was the interest rate on the account?

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asked Apr 7, 2023 216k views

4 votes

You invested $3000 in a savings account that earns simple interest. After

15 years you had earned $225 in interest. What was the interest rate on
the account?

Mathematics
college

Chhabilal asked

by Chhabilal

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1 Answer

7 votes

Answer:

the answer is .5%

Explanation:

more money= more interest rate

Sharana answered Apr 14, 2023

by Sharana

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