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44 votes
44 votes
7. Malik deposited

$1,050 in a savings
account, and it earned
$241.50 in simple
interest after four years.
Find the interest rate on
Malik's savings account.
I got 5.75 on a website but I need to show my work SOMEONE PLEASE HELP ME!

User Evoskuil
by
2.6k points

1 Answer

25 votes
25 votes
$352,590 is the interest rate on Malik’s savings account for four years
User Xiay
by
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