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13-02-2020
Mathematics

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A bank Says you can double your money in eight years if you put $2000 in simple interest account. What annual interest rate does this bank pay

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kkdancer1525 kkdancer1525

13-02-2020

Answer:

$250

Step-by-step explanation:

2000/8

If in 8 years you earn $2,000, then you just do 2,000÷8 which equals $250 per year

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