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Please help! Giving brainliest!!!!
You deposit $1200 in an account that earns simple interest. After 42 months, the account earns $96.60 in interest. What is the annual interest rate
to the nearest tenth of a percent?
A. 0.8%
O B.2.3%
C.35.0%
D. 1.0%

Respuesta :

sreanpanhaseth

Answer:

interest rate= interest earned multiply 100% then divide by the amount and time

R=I/Pt

I=96.60$, P=1200$, t=42/12=3.5

R= 96.60×100%/1200×3.5

=2.3%

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