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Mathematics, 04.12.2020 17:40 nakaylafree

Li deposited $17,500 into a bank account that earned simple interest each year. After 2 years, he had earned $2975 in interest. No money was deposited into or withdrawn from the account.

What was the annual interest rate?

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Li deposited $17,500 into a bank account that earned simple interest each year. After 2 years, he ha...
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