1. The Hemmings borrowed 3000 for home improvements. They repaid the loan and 600 in simple interest four years later. What simple annual interest rate did they pay? / 2. Mr. berry had $ 120,000 in a retirement account. the account paid 4.25% simple interest. how much money was in the account at the end of 10 years?
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Answer:
Answer: x = 5%. Based on the given conditions, formulate: 600 = 4 * 3000 * x Swap the sides:4 * 3000 x = 600Multiply
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