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PLEASE HELP ASAP!! After 5 years, $8,060 deposited in a savings account with simple interest had earned $3,224 in interest. What was the interest rate?​

User RajVimalC
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2 votes

Answer:

Explanation:

I = PRT

PRT = I

R = I/PT

R = 3224/(8060)(5)

R= 8%

User Samya
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