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Mathematics

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You opened a savings account with $74,520. You made no deposits or withdraws for 4 years and earned $9,687.60 in interest. What was the annual interest rate?

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Josephine86go Josephine86go

2,421.9 is your answer. Just divide 9,687.60 by four

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Nlatimore5go Nlatimore5go

you have 3.25% interest based on the original amount. 9687.6/4 and that number divided by your original amount * 100 gives you 3.25

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