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Giselle deposited $3500 into a savings account for which simple interest is calculated monthly. If her $3500 grew to $3514 after 1 month, what is the yearly interest rate on Gis…

Giselle deposited $3500 into a savings account for which simple interest is calculated monthly. If her $3500 grew to $3514 after 1 month, what is the yearly interest rate on Gis…
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1 vote
Giselle deposited $3500 into a savings account for which simple interest is

calculated monthly. If her $3500 grew to $3514 after 1 month, what is the
yearly interest rate on Giselle's account?
O A. 0.4%
OB. 0.48%
O C. 4.8%
O D. 4%
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asked
User Nitty
by
7.8k points

2 Answers

5 votes
The answer is C 4.8%
answered
User Kenshinman
by
7.8k points
5 votes
It wouls be C since its property portions
answered
User Firzok Nadeem
by
8.4k points
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