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Stacy made a deposit of $8,500.00 into an account. After ten years, the account had earned $5,525.00 in interest. What simple interest rate did the account earn?

Stacy made a deposit of $8,500.00 into an account. After ten years, the account had earned $5,525.00 in interest. What simple interest rate did the account earn?
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Stacy made a deposit of $8,500.00 into an account. After ten years, the account had earned $5,525.00 in interest. What simple interest rate did the account earn?

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User Mathijs Kwik
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7.7k points

1 Answer

4 votes
The answer is 6.5 interest.
answered
User Swaprks
by
7.5k points
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