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7 A woman deposited $560 in a bank.

a The bank decided to give all its customers 4.5% interest. Calculate how much she received
in interest.
b The next year she had $720 in the bank and received $27.36 interest. What was the percentage
interest rate?

1 Answer

3 votes

Answer:

a. 25.2

Explanation:

Step one: 560×4.5=2,520

Step two: 2,520÷100=25.2

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