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In the past 3 years, Hannah s savings account has earned $90 in interest. She initially deposited $600. What simple annual interest rate is the bank paying on this account?
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Asked 4/10/2025 11:37:55 PM
Updated 4/11/2025 12:07:18 AM
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User: In the past 3 years, Hannah s savings account has earned $90 in interest. She initially deposited $600. What simple annual interest rate is the bank paying on this account?

Weegy: In the past 3 years, Hannah s savings account has earned $90 in interest. She initially deposited $600. 5% simple annual interest rate is the bank paying on this account.
Interest=prt
90=600*3r
90=1800r
r=0.05*100
r=5%
Score 1

User: If Maria earned $60 in interest over a 4-year period at a 4% simple annual interest rate, how much did she originally deposit in savings?

Weegy: formula for interest=principle?rate?time/100

60=x?4?4/100

60=16x/100

16x=6000

x=375
Score 1

User: James made a deposit in a savings account 5 years ago. The account pays 4% simple annual interest. Since then, he has earned $120 in interest. What is the current balance in his account?

Question
Asked 4/10/2025 11:37:55 PM
Updated 4/11/2025 12:07:18 AM
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James made a deposit in a savings account 5 years ago. The account pays 4% simple annual interest. Since then, he has earned $120 in interest. $ 600 is the current balance in his account. Solution: P=i/rt P=120/0.04*5 = 600
Added 4/11/2025 12:07:18 AM
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Updated 4/11/2025 9:13:13 AM
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8.50 - 100%
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Added 4/11/2025 9:12:13 AM
This answer has been confirmed as correct and helpful.
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Added 4/11/2025 9:13:13 AM
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Asked 4/10/2025 11:21:58 PM
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Added 4/11/2025 12:10:48 AM
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Not Answered
Updated 4/10/2025 11:56:16 PM
1 Answer/Comment
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