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12 September, 12:52

Steve put $500 into a savings account. At the end of one year, he had earned $30 in interest. What interest rate was the bank paying?

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  1. 12 September, 13:27
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    Think of it as $30 is what percent of $500?

    30/500 = 0.06%

    p. s. that is a sh*tty interest rate ... invest in bonds ... better rates
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