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You invested $3000 in a savings account that earns simple interest. After 15 years you had earned $225 in interest. What was the interest rate on the account?

You invested $3000 in a savings account that earns simple interest. After 15 years you had earned $225 in interest. What was the interest rate on the account?
asked 216k views
4 votes
You invested $3000 in a savings account that earns simple interest. After

15 years you had earned $225 in interest. What was the interest rate on
the account?

asked
User Chhabilal
by
7.8k points

1 Answer

7 votes

Answer:

the answer is .5%

Explanation:

more money= more interest rate

answered
User Sharana
by
8.2k points
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