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The Amount yy In an Account Paying Simple Interest Is y=a(1+nx)y=a(1+n x)

Question 51

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The amount yy in an account paying simple interest is y=a(1+nx)y=a(1+n x) , where aa is the principal, nn is the interest rate, and xx is the number of years the principal has been invested. Solve this equation for the interest rate, nn .

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