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Mathematics

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Pls help!!! What is the annual interest for a principle of $5,500 at a simple interest rate of 4.5%?

Answer :

Maryyamkhan133go Maryyamkhan133go

Answer:

Hi Ok So I might be wrong but Here is my answer

$1237.50

r = 4.5% = 0.045

I = prt

I = 5500*0.045*5

= $1237.50

Hope i helped pls mark me as brain list if I'm correct

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