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Nathan invests money in an account paying simple interest. He invests $180 and no money is added or removed from the investment. After one year, he has $196.20. What is the simp…

Nathan invests money in an account paying simple interest. He invests $180 and no money is added or removed from the investment. After one year, he has $196.20. What is the simp…
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Nathan invests money in an account paying simple interest. He invests $180 and no money is added or removed from the investment. After one year, he has $196.20. What is the simple percent interest per year?

HELP ITS URGENT

asked
User Isaced
by
8.5k points

1 Answer

10 votes

Answer:9%

Explanation:

Divide 196.20 by 180 = 1.09

1.09x100= 109%
109-100=9%

answered
User Mohamed Abouelnasr
by
8.1k points
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