5. A family deposited $8000 into an account six years ago. The account eamed simple interest at a yearly rate. So far the total interest earned is S1200. What is the rate for the account?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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of 9% per year.low much iterest will the money have earned after 25Nears?
S. A family deposited $8000 into an account six years ago. The account eamed
simple interest at a yearly rate. So far the total interest earned is $1200. What is
the rate for the account?
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Transcribed Image Text:of 9% per year.low much iterest will the money have earned after 25Nears? S. A family deposited $8000 into an account six years ago. The account eamed simple interest at a yearly rate. So far the total interest earned is $1200. What is the rate for the account? Page 1 / 1 + -
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