Answered

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Casho invests money in an account paying simple interest. She invests $30 and no
money is added or removed from the investment. After one year, she has $32.40.
What is the simple percent interest per year?

Sagot :

Answer:

8%

Step-by-step explanation:

Divide ( 32.40 / 30 ). This outputs the answer 1.08, or 108%. This means that the outcome is 108% of the original, or 8% greater.

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