31-05-2018
Mathematics

contestada

you invested $101 and revived $106.05 after 1 year. what was the interest rate

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ChristianTomko ChristianTomko

31-05-2018

you receive $5.05 of interest.
the interest rate is 5%

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samuelonum1 samuelonum1

15-03-2020

Answer:your interest rate is 5.05% per annum

Step-by-step explanation:given you invested $101 and after 1 year you had $106.05 that is extra $5.05 hence the interest rate is 5.05%

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