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What is the simple interest rate if $88.87 in interest is earned on a deposit of $1469.04 in one year?

What is the simple interest rate if $88.87 in interest is earned on a deposit of $1469.04 in one year?
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what is the simple interest rate if $88.87 in interest is earned on a deposit of $1469.04 in one year?

asked
User GrayedFox
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1 Answer

3 votes

Answer:

The simple interest rate is 6 percent



answered
User Truezplaya
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