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Lady_Fox
1 month ago
7

(HELP!!!) Gustavo invests £520 for 6 years in a bank account paying simple interest. At the end of 6 years, the amount in the ba

nk account is £629.20.
Calculate the annual rate of interest.
Mathematics
1 answer:
Inessa [12.5K]1 month ago
7 0
629.20 divided by 520 equals 1.21
Power of 6V1.21 equals 1.0323
Interest rate is 3.23
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