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Mathematics, 22.01.2021 21:40 danbat3023

Loretta invested $1000 in a simple interest account yielding 5% paid annually. In 2 years, she will have $1100 in her account. From this example, we can
conclude that 5% represents the:

Periodic interest rate.

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Answers: 1

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Loretta invested $1000 in a simple interest account yielding 5% paid annually. In 2 years, she will...
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