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    Exam 6: Simple Interest
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    A Five-Month Term Deposit of $10,000 at the Scotiabank Earned
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A Five-Month Term Deposit of $10,000 at the Scotiabank Earned

Question 85

Question 85

Short Answer

A five-month term deposit of $10,000 at the Scotiabank earned $75 in interest. What annual rate of simple interest did the deposit earn?

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