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31-10-2016
Mathematics

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Alice earned $622.50 in interest on her savings in the bank. before interest, the account had $12,450. what is the approximate percent she earned in interest?

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ayaokba ayaokba

31-10-2016

Interest of $622.50 on $12,450 is an interest rate of 5%. To calculate, divide interest by principal: 622.5 / 12450 = 0.05 = 5%.

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