Mathematics
Ackman594
23

$45,000 is deposited into a savings account. after 1 year 4 months and 20 days it totals $52,500 calculate the simple interest rate for this account.

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Tahira123sahi

principle = 45000 amount =52500 Interest = 7500 time = 25/18 years A = PTR/100 52500 = 45000 + 25 + R / 1800 solve the equation you will get the value of r which is rate of interest

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