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Sally deposited $120 into her bank account for 30 months. After 30 months, Sally earned $15 in simple interest. Find the interest rate that Sally earned from the bank.
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Sally deposited $120 into her bank account for 30 months. After 30 months, Sally earned $15 in simple interest. Find the interest rate that Sally earned from the bank.

User Sebastien Horin
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5.1k points

1 Answer

3 votes

Answer:

0.5

Explanation

$15 divided by 30 months equals $0.5

User Jonathan Peterson
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