david15666415 david15666415

01-10-2021
Mathematics

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You have a principal balance in your savings account of $1200. After 1 year, you earn $24 of interest. What is the interest rate?

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tgtresemer tgtresemer

01-10-2021

1200x=24
x=24/1200
x=.02
So the answer is 2%

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